manchester commons for 379 south willow street …...brady sullivan properties is pleased to present...
TRANSCRIPT
MANCHESTER COMMONSCondominium
379 South Willow Street
FOR SALE
Benjamin [email protected]
603-231-1240
James [email protected]
603-315-4668
Charles [email protected]
603-799-6926
INVESTMENT HIGHLIGHTS
100% Occupancy
Cap Rate: 7.4%
8,146 SF Set on 13 Acres
Excellent Highway Access I-293, I-93 & Rte 101
Strong & Diverse Tenant Base
Excellent Cash Flow
Minimal Common Area
NH’s Retail Alley - South Willow Street
Excellent Parking
Strong Visibility and Signage Options
Long-Term Triple-Net (NNN) Tenant Leases
Travel ProximitiesInterstate 293 N: 1 mile
Interstate 93: 3 miles
Route 101 East: 4 miles
Route 101 West: 3 miles
Manchester- Boston Regional Airport:
9 minutes (3 miles)
MANCHESTER COMMONS Condominium
379 South Willow St., Manchester NH
EXECUTIVE SUMMARY Brady Sullivan Properties is pleased to present for sale a Manchester Commons Condominium, 379 South Willow Street Manchester, New Hampshire. The masterfully designed 170,000 +/- square foot mixed-use complex is situated on 13 acres, with exceptional frontage along retail-dense South Willow Street and just moments from Manchester’s bustling downtown. Manchester Commons’ is unmatched in accessibility, with lit signals in/out simplifying travel to and from the countless amenities of South Willow Street. Shoppers and business commuters alike enjoy streamlined access to major roadways in all directions, including NH-Interstate 293, NH-Interstate 93 and NH-Route 101. Recent upgrades to the building’s exterior facade, interior suites and common areas have resulted in an increase to 100% occupancy over the last few years. Manchester Commons’ strategic location in the heart of Manchester’s General Business Zone offers unmatched exposure in the strongest concentration of retail space in southern/central New Hampshire. National anchor tenants in the immediate proximity such as Michael’s, Burlington, Off Broadway Shoes, and Hannaford Supermarket pair exceptionally well with the vast array of service-oriented retailers including TD Bank, Bank of America, CVS Pharmacy, Panera Bread and Dunkin’ Donuts.
In addition to the captured audience in Manchester, 379 South Willow Street is home to Zoo Fitness, which brings countless unique (non-regular/repeat) visitors to the site monthly. Corporate neighbors within the 100% leased property include The State of NH Department of Transportation, Portland Mattress Makers, Geico, Auto Equity Loans, Yuki Japanese Grill and more.
• Hillsborough County occupies the south central portion of the State of NH
• Hillsborough County borders Massachusetts for 36 straight miles• 876.1 square miles of land area and 16.1 square miles of inland
water area• Population density is 457.4 persons per square mile • Population of 403,972 persons (as of the last census in 2015)
HILLSBOROUGH COUNTY
Finished Store Fronts
Professional Landscaping
Parking Lot Re-Striped & Cracks Sealed/Filled (2018)
Professionally Managed
Catch Basin Upgraded
Sidewalk and Curbing Sealed and Repointed
LOCATION UP-
KEY FEATURES• Strong visibility with an abundance of parking• Limited common area• Highway access points north, south, east and west
with easy accessibility via I-293, 1-93 & route 101• Located on bustling South Willow Street, only
moments from busy South Beech Street (0.6 miles) and Elm Street (0.8 miles)
SPECIFICATIONSBuilding Area: 8,146 +/- SFZoning: B-2, General Business DistrictYear Built: 2003Stories: One (1)Construction: WoodRoof: Asphalt Shingles, White Rubber EPDMWater/Sewer: MunicipalGas: Liberty UtilitiesElectric: EversourceParking: Ample On-Site; 625 + SpacesFire Safety: Fully Sprinklered, Wet SystemHVAC: Individual Roof Top Units
Type: Condominium Unit
STACKING PLAN
KEY TENANTS
A MARKET2,174 SF
LED: 11/30/2024
GIOVANNI’S RESTAURANT1,892 SF
LED: 5/31/2024 KATHMANDU SPICE
2,100 SFLED: 8/31/2026
ZEBA BEAUTY 980 SFLED:
5/31/2024
ELITE NAILS
1,000 SFLED:
12/31/2024
LEGENDLEASE END DATE YEAR
2024 2026
ELITE NAILS
GIOVANNI’S
KATHMANDU SPICE
MARKET OVERVIEW
Walmart
Hannaford Supermarket
Mercedes-Benz of Manchester
TJMAXX
Manchester Harley-Davison
TD Bank
Quirk Chevrolet of Manchester
Quirck Buick GMC
Quirk Volkswagen of Manchester
The Home Depot
Burlington Coat Factory
Ashley HomeStore
Manchester DMV
Citizens Bank
CVS Pharmacy
Bank of America Financial Center
Dunkin Donuts
379 South Willow Street
SUBJECT PROPERTY
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
CLA
IMER
Charles [email protected]
603-799-6926
Benjamin [email protected]
603-231-1240James Tobin
*Charles Panasis & Benjamin Kelley are brokers and principals of Brady Sullivan.
For additional information or to schedule your showing, please contact: