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377 S Willow St
Manchester, NH 03103
Manchester Commons · Retail Property For Sale


Investment Highlights
- Service-Oriented Shopping Center - Occupied by 16 service tenants that represent 73% of revenue
- Proximity to Major Population Drivers - Minutes from the Manchester-Boston Regional Airport
- Ideally Positioned Within the Submarket - The asset draws from the South Willow retail node, with visibility from the 21,400 VPD
- Long-Standing, High Performing Anchor Tenant - The Zoo Gym recently expanded its presence at the center
- Immediate Upside via Lease-Up - 5,018 SF of vanilla-boxed vacancy is ready for immediate occupancy
- Attractive Hillsborough County Demographics - The asset benefits from direct access to the downtown Manchester submarket
Executive Summary
Atlantic Capital Partners has been exclusively engaged to market for sale Manchester Commons, a dynamic mixed-use shopping center located in Manchester, New Hampshire, ideally situated on South Willow Street anchoring the northern end of one of the most productive retail corridors in the state, as the dominant retail destination within the Manchester trade area attracting a steady flow of regional shoppers and benefiting from exceptional tenant performance and long-term market stability, totaling 92,236 square feet featuring 54,028 SF of at-grade retail and an additional 38,208 square feet of second-level space which attracts unique retail and office tenancy to the shopping center, presently 95% leased by 23 national, regional, and local retail tenants and anchored by The Zoo Health Club since November 2013 which has proven to be a significant strength to the rent roll with 9 locations across the state and rapid growth and expansion since the end of Covid, in addition to being shadow-anchored by a former Shaw’s grocery store with the 65,447 square foot box not included in the offering but leasing currently in progress to backfill the space and round out the center’s true anchor unit, offering an assemblage of two buildings that will prove to be a flexible asset with immediate cash flow and leasing upside in the future, with the asset being offered without a formal asking pricing through a call-for-offers process free-and-clear of existing debt.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
92,236 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2003
Price
$24,602,399 CAD
Price Per SF
$266.73 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
13.00 AC
Zoning
B-2 - Commercial Business district
Parking
20 Spaces (0.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | MNCH-000300-000000-000044 | Improvements Assessment | $1,355,539 CAD |
| Land Assessment | $906,113 CAD | Total Assessment | $2,261,652 CAD |
Property Taxes
Parcel Number
MNCH-000300-000000-000044
Land Assessment
$906,113 CAD
Improvements Assessment
$1,355,539 CAD
Total Assessment
$2,261,652 CAD
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