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Starbucks & Verizon 611 Amherst St 5,589 SF 100% Leased Retail Building Nashua, NH 03063 $4,892,158 CAD ($875.32 CAD/SF) 7.25% Cap Rate

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Investment Highlights

Long Term Tenants
Dynamic Corporate Tenants
Proximity to Local Colleges

Fixed Rent Increases
Strategic Retail Location
Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a two- tenant retail center located at 611 Amherst Street in Nashua, New Hampshire (the “Property”). The two-tenant property is improved by Starbucks and Verizon and contains 5,589 square feet on a 2.74-acre parcel. Both Starbucks and Verizon have been at the center since 2008 and have exercised renewal options, demonstrating their commitment to the site and the market. Starbucks has just under 2 years remaining on their lease with two (2), 5-year options and Verizon has just over 2 years remaining on their lease with two (2), 5-year options. Both leases provide for 10% rent increases at the start of each renewal option. The Property is strategically positioned along Amherst Street, offering outstanding frontage and visibility within one of the area’s most active commercial corridors. Located near the junction of Amherst Street and Everett Turnpike, the site benefits from a dominant regional trade area supported by numerous businesses, national retailers, area schools, including nearby colleges, and Nashua Airport, all of which generate significant daily traffic. Surrounded by established residential neighborhoods and educational institutions, the Property benefits from a built-in and consistent customer base. In addition, convenient access to major state routes and highways provides strong regional connectivity, including efficient travel to Manchester, Lowell, and Lawrence, further enhancing the Property’s accessibility and market reach.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,589 SF

Building Class

Year Built

2008

Price

$4,892,158 CAD

Price Per SF

$875.32 CAD

Cap Rate

7.25%

NOI

$354,682 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.05

Lot Size

2.54 AC

Frontage

136’ on Amherst St

Major Tenants

Accommodation and Food Services
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Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.

Information
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Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.