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Manchester Marketplace 5 biens • Manchester, NH
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FAITS SAILLANTS DE L'INVESTISSEMENT
- A 13.8-acre covered land play in the heart of the most populous city in New Hampshire
- More than 15,000 vehicles pass the site daily
- Roughly $100,000 in rent per month through the summer 2027 gives a buyer substantial cash flow while they solidify their future plans for the property
- First time the property has been brought to market
- Recently passed state zoning law allows for an expansion of viable uses at this site by right
- Ample opportunity for upside through partial or full redevelopment of the property
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present the opportunity to acquire the Price Rite Marketplace, a nearly 14-acre parcel in the heart of Manchester, New Hampshire, the most populous city in the state. The property is currently master leased by Stop & Shop, who subleases the center to a diverse mix of local, regional, and national tenants spread across four buildings, with a fifth building, formerly home to a regional bank, available for re-tenanting or redevelopment.
Stop & Shop is expected to decline their options to renew the lease when the current term expires in 2027, when virtually all the current leases also expire, leaving a new owner with a variety of options to either negotiate lease extensions with some or all of the existing tenants, scrap the site and develop something entirely new, or a hybrid approach that would retain some of the current tenancy while redeveloping a portion of the site. With roughly $100,000 in monthly rent from Stop & Shop through the summer of 2027, a buyer has ample opportunity to develop a plan for the parcel while collecting a meaningful income from a credit-rated tenant.
Thanks to a new state law that significantly widens the options for redeveloping existing commercially zoned land by right for residential use and the continued influx of residents from Massachusetts to more tax-friendly New Hampshire, this property represents a phenomenal opportunity for a developer to realize significant upside through a reimagining of the site.
Stop & Shop is expected to decline their options to renew the lease when the current term expires in 2027, when virtually all the current leases also expire, leaving a new owner with a variety of options to either negotiate lease extensions with some or all of the existing tenants, scrap the site and develop something entirely new, or a hybrid approach that would retain some of the current tenancy while redeveloping a portion of the site. With roughly $100,000 in monthly rent from Stop & Shop through the summer of 2027, a buyer has ample opportunity to develop a plan for the parcel while collecting a meaningful income from a credit-rated tenant.
Thanks to a new state law that significantly widens the options for redeveloping existing commercially zoned land by right for residential use and the continued influx of residents from Massachusetts to more tax-friendly New Hampshire, this property represents a phenomenal opportunity for a developer to realize significant upside through a reimagining of the site.
FAITS SUR LA PROPRIÉTÉ
| Conditions de vente | Individuellement en vente | 1 | |
| Type de vente | Investissement | Taille totale du bâtiment | 169 988 pi² |
| Statut | Actif | Superficie totale du terrain | 13,80 AC |
| Nombre de propriétés | 5 |
| Conditions de vente | |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 5 |
| Individuellement en vente | 1 |
| Taille totale du bâtiment | 169 988 pi² |
| Superficie totale du terrain | 13,80 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
|
Rent-A-Center
490 Valley St, Manchester, NH 03103 |
Bureau | 13 162 pi² | 2005 | - |
| 365 Lincoln St, Manchester, NH 03103 | Commerce de détail | 131 859 pi² | 2005 | - |
| 580-586 Valley St, Manchester, NH 03103 | Commerce de détail | 14 570 pi² | 2005 | - |
| 500-506 Valley St, Manchester, NH 03103 | Commerce de détail | 7 320 pi² | 2005 | - |
|
Vacant Bank
340 Wilson St, Manchester, NH 03103 |
Commerce de détail | 3 077 pi² | 2005 | - |
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Présenté par
Manchester Marketplace
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