88 State Route 101A - Auto Repair FOR SALE
Amherst, NH 03031 |
$1,500,000 USD
203-887-8797
88 State Route 101A
Amherst, NH 03031
HIGHLIGHTS
- Brand New 20-Year Absolute Triple-Net Sale Leaseback | This Meineke is subject to a 20-year sale leaseback upon close of escrow
- Strong Guarantor from Etium Automotive Services Investors, LLC | Etium Automotive Investors, LLC is guaranteeing the lease
- 2% Annual Rent Increases | This Meineke lease will be subject to 2% annual rental increases providing a strong hedge against inflation
OVERVIEW
Surmount is pleased to present the exclusive listing for a Meineke Car Care Center located at 88 New Hampshire 101A, Amherst, New Hampshire 03031. The site consists of roughly 4251 rentable square feet of building space on an estimated 0.86-acre parcel of land. This Meineke Car Care Center is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 2.00% Annually.
FOR SALE DETAILS
PRICE
$1,500,000 USD
PRICE/SF
$388 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Meineke Car Care Sale-Leaseback
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
C
APN/PARCEL ID
AMHS-000002-000063
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
203-887-8797
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
203-887-8797
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
