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National Tire & Battery Ground Lease, Nashua, NH

National Tire & Battery Ground Lease

Nashua, NH

Price $3,562,000
Cap Rate 5.25%
NOI $187,000
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2017
Building Size 6,752 SF
Lot Size 0.75 Acres (32,634 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with New Hampshire-licensed real estate broker REF Advisory, Inc.

Investment Highlights

NEW LONG-TERM ABSOLUTE NNN LEASE
» 15-year corporate lease with 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 46,000 vehicles per day directly in front of the property on Amherst Street
» Nearby access to Everett Turnpike (111,000 AADT)
» Amherst Street serves as one of Nashua’s three primary business districts and hosts a healthy mix of national and local retailers, office and industry, and residential neighborhoods
» Nashua is a premier shopping destination in the region and ranks second only to Boston for the highest concentration of retail options in New England
» Located on the New Hampshire/Massachusetts border, Nashua attracts many people from Massachusetts looking to take advantage of the lack of sales tax in New Hampshire

CENTRAL LOCATION IN PRIMARY COMMERCIAL AREA
» Within walking distance of two universities: Nashua Community College (1,798 students) and Southern New Hampshire University’s Nashua campus
» Near several large employers, including Fidelity Investments (6,000 employees), BAE Systems (816 employees), and the USPS Nashua Logistics and Distribution Center (431 employees)
» Across from Nashua Airport, one of New England’s busiest municipal airports

STRONG CUSTOMER BASE WITH AFFLUENT DEMOGRAPHICS
» High average household income of $115,399 within a three-mile radius
» Average household incomes over $95,000 within one- and five-mile radii
» Population of over 90,000 within five miles
» Nashua is New Hampshire’s second largest city and is located in New England’s most populous and most densely populated county

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located on Amherst Street, with excellent visibility and access to 46,000 vehicles per day directly in front of the property. Amherst Street provides access to the nearby Everett Turnpike, a major freeway with a high traffic count of 111,000 vehicles per day near the property. Amherst Street serves as one of Nashua’s three primary business districts and hosts a healthy mix of national and local retailers, office and industry, and residential neighborhoods. Major retailers located near the property in the Amherst Street corridor include Target, Walgreens, PetSmart, HomeGoods, Planet Fitness, Home Depot, Whole Foods, Market Basket, Hobby Lobby, and more. The property is also a short distance from the Merrimack Premium Outlets, featuring over 100 stores, including Banana Republic Factory Store, Bloomingdale’s Outlet Store, Coach, J.Crew, Michael Kors, Nautica, Old Navy Outlet, Polo Ralph Lauren Factory Store, Saks Fifth Avenue Off 5th, and Tommy Hilfiger, amongst many others.

The property is close to several large schools, major employment centers, and wealthy residential neighborhoods. Two universities—Nashua Community College (1,798 students) and Southern New Hampshire University’s Nashua campus—are located within walking distance of the property. Other schools are just a short drive away, including Nashua High School North and Nashua High School South, which have a combined enrollment of 3,987 students. The property is also near several large employers, including Fidelity Investments (6,000 employees), BAE Systems (816 employees), and the USPS Nashua Logistics and Distribution Center (431 employees). Additionally, the property is across from Nashua Airport, one of New England’s busiest municipal airports. The surrounding residential neighborhoods provide the property with a strong customer base; the area has a very high average household income of $115,399 within a three-mile radius, and over 90,000 residents live within a five-mile radius

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