655 S Willow St - Storefront FOR SALE


Manchester, NH 03103- Southside Manchester
$20,000,000 USD
617-239-3600
655 S Willow St, Manchester, NH for Sale
$20,000,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

655 S Willow St
Manchester, NH 03103
Southside Manchester


HIGHLIGHTS

  • Prime Location with Strong Visibility - 21,400 VPD along South Willow Street
  • Diverse and Stable Tenant Mix - Anchored by CoreMedical Group in addition to several national brands such as Golden Corral, M&T Bank
  • Strong Shadow Anchor - The asset shares a building with True Storage, providing additional foot traffic to the site
  • A Major Trade Area Draw - Located in a zero sales tax state, the asset draws from all over NH in addition to Massachusetts and Vermont
  • Strong Local Demographics Enhanced by an Industrial Hub - The submarket benefits from robust three and five-mile demographics
  • A Thriving Employment Hub - The property is in close proximity to major employers including Southern NH University, Citizens Bank, and others

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to market for sale The Shoppes, a neighborhood shopping center strategically located at 655 South Willow Street in Manchester, New Hampshire—just 2.6 miles south of Downtown Manchester—positioned along South Willow Street (NH Route 28), one of New Hampshire’s busiest retail corridors and a primary commercial artery connecting I-293, I-93, and Manchester-Boston Regional Airport, benefiting from exceptional regional accessibility and exposure as the corridor draws customers from a broad trade area encompassing the state’s largest population centers, with its central location along I-93 and I-293 providing businesses and residents seamless access to Boston, the Seacoast, and Northern New England while maintaining a lower cost structure and strong quality of life; as a premier retail destination along South Willow Street, the property features a strong mix of service-oriented, necessity-based, and daily-needs retailers, many operating under long-term leases creating a compelling and stable investment opportunity, anchored by Core Medical Group in 28,614 square feet with term through 2029 and one option thereafter, in addition to restaurant tenancy in Golden Corral (2035 LXD), California Burrito (2034 LXD), and Pokespot (2032 LXD) creating a strong cornerstone of regular traffic to the center, with a WALT of 4.7 years remaining presenting future ownership with a durable income stream; although not part of the offering, The Shoppes is shadow-anchored by True Storage, one of New England’s most active storage operators and developers continuing to expand its footprint across the region leveraging strong demand drivers in high-density and supply-constrained markets like Manchester, offering investors shared expenses on site and a recession-resistant shadow-anchor use that performs reliably across economic cycles, further enhancing the asset by anchoring the center with a nationally scaled operator that drives consistent traffic; The Shoppes is being offered for sale without a formal asking price, free-and-clear of existing debt through a formal call for offers process.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes at South Willow

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

10.62 AC

LAND SF

462,607 SF

ZONING

B-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt EricsonAtlantic Capital PartnersMore Info
617-239-3600

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

Matt EricsonAtlantic Capital PartnersMore Info
617-239-3600

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