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Listed price in listed location currency (USD).
$895,000

000

MLS® 5107924

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $10,490
Days Active 2
Lot Size 0.3 Acres
Approx. Age 1956
MLS® Number 5107924

Property Address: 428 S Willow St, Manchester, NH, 03103-5748

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number5107924
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1956
Basement
DrivewayPaved
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

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