611 Amherst St - Freestanding FOR SALE


Nashua, NH 03063- Northwest Nashua
$3,578,493 USD
781-776-4003
611 Amherst St, Nashua, NH for Sale
$3,578,493 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

611 Amherst St
Nashua, NH 03063
Northwest Nashua


HIGHLIGHTS

  • Long Term Tenants
  • Fixed Rent Increases
  • Dynamic Corporate Tenants
  • Strategic Retail Location
  • Proximity to Local Colleges
  • Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a two- tenant retail center located at 611 Amherst Street in Nashua, New Hampshire (the “Property”). The two-tenant property is improved by Starbucks and Verizon and contains 5,589 square feet on a 2.74-acre parcel. Both Starbucks and Verizon have been at the center since 2008 and have exercised renewal options, demonstrating their commitment to the site and the market. Starbucks has just under 2 years remaining on their lease with two (2), 5-year options and Verizon has just over 2 years remaining on their lease with two (2), 5-year options. Both leases provide for 10% rent increases at the start of each renewal option. The Property is strategically positioned along Amherst Street, offering outstanding frontage and visibility within one of the area’s most active commercial corridors. Located near the junction of Amherst Street and Everett Turnpike, the site benefits from a dominant regional trade area supported by numerous businesses, national retailers, area schools, including nearby colleges, and Nashua Airport, all of which generate significant daily traffic. Surrounded by established residential neighborhoods and educational institutions, the Property benefits from a built-in and consistent customer base. In addition, convenient access to major state routes and highways provides strong regional connectivity, including efficient travel to Manchester, Lowell, and Lawrence, further enhancing the Property’s accessibility and market reach.

FOR SALE DETAILS

PRICE

$3,578,493 USD

PRICE/SF

$795 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Verizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

-

APN/PARCEL ID

0000H-00644

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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