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CENTER ATCOLONY MILL149 Emerald Street, Keene NH
Charles [email protected]
603-799-6926
Benjamin [email protected]
603-231-1240
James [email protected]
603-315-4668
FOR SALE
INVESTMENT HIGHLIGHTS
98.6% Occupancy
Strong & Diverse Tenant Base
Excellent Cash Flow
Minimal Common Area (less than 10%)
In-Town Location with Strong Parking
Close Proximity to Keene State College
Strong Visibility and Signage Options
Long-Term Triple-Net (NNN) Tenant Leases
Price: $11,995,000.00
Cap Rate: 9.42%
Keene State College: 9 minute walk 0.4 miles
Route 101: 5 miles
Main Street: 0.5 miles
Manchester- Boston Regional Airport: 56.4 miles 1 hour and 19 minutes
Dillant-Hopkins Airport: 2.5 miles, 7 minutesRoute 9 : 3 miles, 7 minutes
CENTER ATCOLONY MILL
149 Emerald Street, Keene NH
EXECUTIVE SUMMARY Brady Sullivan Properties is pleased to present for sale The Center at Colony Mill, 149 Emerald Street in historic Keene, New Hampshire. The masterfully designed 99,854 square foot mixed-use complex is situated over 7.7 acres, with exceptional frontage along the retail-dense Emerald Street and Gilbo Avenue and just steps from Keene’s bustling downtown. The Center at Colony Mill is unmatched in accessibility, with lit signals in/out simplifying travel to and from the countless amenities of Main Street. Shoppers and business commuters alike enjoy streamlined access to major roadways in all directions, including NH-Route 101 (East/West), NH-Route 202 (North/South) and the Franklin Pierce Highway (Route 9). Recent upgrades to the building’s exterior facade, interior suites and common areas have resulted in an increase to 99.4% occupancy over the last two years. The Center at Colony Mill’s strategic location in the heart of Keene’s Commerce Zone offers unmatched exposure in the strongest concentration of retail space in southwest New Hampshire. National anchor tenants in the immediate proximity such as Kohl’s, Famous Footwear, JC Penney, and Hannaford Supermarket pair exceptionally well with the vast array of service-oriented retailers including TD Bank, Bank of America, CVS Pharmacy, Walgreens, Panera Bread and Dunkin’ Donuts. Located in a bustling retail trade area, The Center at Colony attracts tax-free shoppers from Vermont and northern/central Massachusetts, altogether encompassing a population in excess of 125,000. The Cheshire County city is also home to Keene State College, whose students make up nearly 25% of the population of approximately 24,000 people. The attraction of shoppers locally and within a 15-20 mile radius make the Center at Keene one of the most desirable locations for the national chain and locally-owned retailer alike. In addition to the captured audience in Keene, 149 Emerald Street is home to Cheshire Medical Center/Dartmouth-Hitchcock Keene, which brings countless unique (non-regular/repeat) visitors to the site monthly. Corporate neighbors within the 99.4% leased property include Barton Associates, State of New Hampshire Department of Education, State of New Hampshire Employment Security, H&R Block, Adecco USA, and Connell Communications, in addition to the Antioch University.
CHESHIRE COUNTY
Cheshire County, occupies the southwest corner of the state of NH.
Cheshire County borders Massachusetts for 27 straight miles.
707.0 square miles of land area and 22.4 square miles of inland water area.
Population density is 109.1 persons per square mile.
Population of 76,593 persons (as of the last census in 2014)
New EPDM Roof (2016)
Installation of New Sidewalks (2015)
New Granite Curbing Through Out (2015)
Finished Store Fronts
New Parking Lot (2015)
Professional Landscaping
Easterly Redesign & Instillation of EIFS
LOCATION UPGRADES
KEY FEATURES
- Strong visibility and an abundance of parking- Limited common area- Highway access points north, south, east and west with easy accessibility via 101 and 202;Route 9 is within 3 miles- Keene Market serves as a regional trade area extending 15-20 miles into southeastern Vermont and north central Massachusetts, attracting tax-free shoppers from these neighboring states- Perfectly positioned to the Dillant-Hopkins Airport (EEN); within a 7 minutes drive (2.5 miles)- Moments from thriving Main Street (0.9 miles), 9 minute walk to Keene State (0.4 miles)
SPECIFICATIONS
Building Area: 99,854 SF
Land Area: 7.7 Acres
Zoning: “Commerce” Zone
Year Built: 1866
Stories: 2
Elevators: 1
Construction: Masonry and Steel Framed
Roof: Rubber Membrane, Asphalt, Metal
Water/Sewer: Municipal
Gas: New Hampshire Gas
Electric: Eversource
Parking: 433 +/- spaces
HVAC: Roof Top, Gas Fired Units
Fire Safety: Wet Sprinkler with Fire Protection System
MARKET OVERVIEW
CENTER ATCOLONY MILL
149 Emerald Street, Keene NH
SITE PLAN
-This Brochure is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussions regarding a possible purchase of or investment in the subject property (the Property). The potential investor is urged to perform its own examination and inspection of the Property and information relating to same, and shall rely solely on such examination and investigation and not on this Brochure or any materials, statements or information contained herein or otherwise provided. Neither Brady Sullivan Properties, nor any of its partners, members, directors, officers, employees and agents (Sales Agent), nor the owner, its partner or property manager, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this Brochure of the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources, and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this Brochure contains information relating to asbestos or any other hazardous, toxic or dangerous chemical, item, waste or substance (Hazardous Materials) in relation to the Property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by Brokers or the owner, as to the existence or nonexistence or nature of Hazardous Materials in, under, on or around the Property. This Brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the property, and is subject to withdrawal, all without notice. The contents hereof are confidential and are not to be reproduced or distributed to any person or entity without the prior written consent of Agents or used for any purpose other than initial evaluation as indicated above.
DIS
CLAI
MER
Charles [email protected]
603-799-6926
Benjamin [email protected]
603-231-1240
James [email protected]
603-315-4668
*Charles Panasis & Benjamin Kelley are brokers and principals of Brady Sullivan Keene Properties, LLC.