428 S Willow St - Freestanding FOR SALE


Manchester, NH 03103- Southside Manchester
$895,000 USD
603-932-3011
428 S Willow St, Manchester, NH for Sale
$895,000 USD
Freestanding - FOR SALE
1/19
null | 6.91% Cap Rate

428 S Willow St
Manchester, NH 03103
Southside Manchester


OVERVIEW

Fantastic opportunity to acquire a single-tenant, freestanding commercial building net-leased to Hertz Global Holdings Inc., along the busiest retail corridor in Manchester, NH. The ±2,346 SF building sits on a high-visibility corner lot at a lighted intersection with ±128' of frontage along Route 28, carrying an average daily traffic count of over 21,000 VPD. Hertz has operated at this location since 2004, most recently negotiating an extension of their lease for an additional five years running through March 2029 as well as two more 5 year options through 2039. Prior to their current term, Hertz has installed EV charging stations, modernized their storefront, and updated signage and building facade, demonstrating meaningful capital investments in conjunction with their 20+ year commitment to the site. The property generates a net operating income of $61,800, offering an investor an attractive return for a hands-off investment rented to a globally recognized brand. The site benefits from easy to access to I-293, I-93, and the Manchester-Boston Regional Airport along with immediate proximity to two of Manchester's dominant retail centers, The Shoppes at South Willow and Manchester Commons Shopping Center, as well as dozens of large national tenants including Home Depot, Michaels, PetSmart, Burlington, Raising Cane's, Popeyes, Hobby Lobby, Citizens Bank, BJ’s Wholesale Club, among others. The surrounding trade area supports a dense, affluent consumer base, with a 5-mile population of over 143,000 and average household income of $124,640. This offering represents a rare chance to acquire a well-located, income-producing asset with a proven, long-term tenant on one of Southern New Hampshire's premier retail corridors.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hertz | NNN-Leased Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

BC-2

APN/PARCEL ID

MNCH-000381-000000-000021

ASK ABOUT THIS PROPERTY

Matt LefebvreDowntown RealtyMore Info
603-932-3011

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Matt LefebvreDowntown RealtyMore Info
603-932-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.