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Old Navy & Chase Bank - Nashua, NH 232 Daniel Webster Hwy 27,686 SF Retail Building Nashua, NH 03060 $20,599,374 CAD ($744.04 CAD/SF) 6.75% Cap Rate
Investment Highlights
- STABILIZED ASSET - The property is 100% leased to Old Navy and Chase Bank providing immediate, stable cash flow
- MINIMAL LANDLORD RESPONSIBILITIES - Both leases feature minimal landlord responsibilities, limited to only roof and building structure
- ATTRACTIVE CO-TENANCY - The site benefits from a strong tenant mix
- DENSE RETAIL NODE - The asset is located in the heart of the Daniel Webster Highway retail node
- BASIS REDUCTION OPPORTUNITY - Both buildings reside on one parcel giving future ownership the opportunity to parcelize the site
- IDEALLY SITUATED - Ideally positioned just 30 miles from Boston on the New Hampshire and Massachusetts border
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale 232 Daniel Webster Highway, a stabilized 3.19-acre retail asset located in Nashua, NH. The property features two individual buildings: a 25,093 square-foot building occupied by Old Navy and a 2,593 square-foot PAD site currently leased to Chase bank, creating a fully
stabilized asset and delivering immediate cash flow. Positioned in a densely populated market just 4 miles from downtown Nashua, the offering presents a compelling opportunity to acquire an asset in one of Southern New Hampshire’s most productive retail nodes. The property serves a strong local population of 37,736 residents within a 3-mile radius, with an average household income exceeding $130,000. With substantial frontage along Daniel Webster Highway and just 0.5 miles from Route 3, the asset
provides excellent visibility and convenient access to the region’s primary North-South expressway. 232 Daniel Webster Highway is being offered free and clear of existing debt at $14,922,000 equating to a 6.75% CAP Rate
stabilized asset and delivering immediate cash flow. Positioned in a densely populated market just 4 miles from downtown Nashua, the offering presents a compelling opportunity to acquire an asset in one of Southern New Hampshire’s most productive retail nodes. The property serves a strong local population of 37,736 residents within a 3-mile radius, with an average household income exceeding $130,000. With substantial frontage along Daniel Webster Highway and just 0.5 miles from Route 3, the asset
provides excellent visibility and convenient access to the region’s primary North-South expressway. 232 Daniel Webster Highway is being offered free and clear of existing debt at $14,922,000 equating to a 6.75% CAP Rate
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
27,686 SF
Building Class
B
Year Built/Renovated
1975/2006
Price
$20,599,374 CAD
Price Per SF
$744.04 CAD
Cap Rate
6.75%
NOI
$1,390,430 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
3.19 AC
Zoning
HB
Frontage
193’ on Daniel Webster Hwy
Amenities
- Pylon Sign
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NASH-000000-000000-000700A | Improvements Assessment | $5,763,462 CAD |
| Land Assessment | $7,554,898 CAD | Total Assessment | $13,318,361 CAD |
Property Taxes
Parcel Number
NASH-000000-000000-000700A
Land Assessment
$7,554,898 CAD
Improvements Assessment
$5,763,462 CAD
Total Assessment
$13,318,361 CAD
Contacts
-
Justin Smith -
Chris Peterson -
Danielle Turpin -
Matt Ericson -
Atlantic Capital Partners
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Old Navy & Chase Bank - Nashua, NH | 232 Daniel Webster Hwy
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