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Wendy's 384-392 Washington st 3,828 SF 4-Star Retail Building Claremont, NH 03743 $3,489,800 CAD ($911.65 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction - Long Term Lease
- Corporate Tenant
- Strategic Retail Location
- Attractive Rent Increases
- Zero Landlord Responsibilities
- High Traffic Counts
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate ground leased Wendy’s investment property located at 384 Washington Street in Claremont, New Hampshire (the “Property”). Wendy’s has 19+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The new construction Wendy’s is well-located along Washington Street (NH Route 103), the area’s primary commercial and commuter corridor. The Property is positioned in the heart of a large commercial cluster and is surrounded by retailers and restaurants that drive traffic to the area. The Property is also convenient to Downtown Claremont and the area’s residential neighborhoods providing a built-in customer base. The Property is positioned along NH Route 103 and offers convenient access to state roads and interstates, area schools, Valley Regional Hospital, Claremont Motorsports Park and River Valley Community College.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,828 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$3,489,800 CAD
Price Per SF
$911.65 CAD
Cap Rate
5%
NOI
$174,490 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.78 AC
Zoning
B2
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Wendy's
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Wendy's | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 145/ / 26/ 1/ | Improvements Assessment | $4,227 CAD |
| Land Assessment | $231,235 CAD | Total Assessment | $235,462 CAD |
PROPERTY TAXES
Parcel Number
145/ / 26/ 1/
Land Assessment
$231,235 CAD
Improvements Assessment
$4,227 CAD
Total Assessment
$235,462 CAD
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Wendy's | 384-392 Washington st
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