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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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428 South Willow St , Manchester, NH 03103
$895,000
Est. Payment: $1,988.89/mo
0 Bed
0 Bath
2346 Sqft
Status: Active | Days on site: 16
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House 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.

Highlights

Listed by Matthew Lefebvre , 603-554-2309 Downtown Realty , 603-554-2309.

Property Type

Commercial Sale

Lot/Acreage
0.3

Year Built

1956

County

Hillsborough

Listing ID

5107924

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central AC
Fireplaces:
Below Ground Sq Ft:3
Basement:No

Exterior Features

Lot:In Town,Near Shopping,Near Public Transport,City Lot,Corner,Level,Neighbor Business,Street Lights
Zoning:BC-2
Roof:Membrane,Rolled
Sewer:Public
Parking Features:Paved
Principal Interest
$1,989
Taxes
$874

Home Price

$895,000

Loan Details

30 yrs
%

Down Payment

20%
$179,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,988.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,988.89 $874.20 $0.00 $2,863.09
Yearly $23,866.67 $10,490.39 $0.00 $34,357.06
Total $716,000.00 $314,711.70 $0.00 $1,030,711.70

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Manchester, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.