Family Dollar & Nault's Powersports
Manchester, NH
Key Details
| Price: | $2,145,594 |
|---|---|
| Cap Rate: | 7.15% |
| Annual Rent: | $153,410 |
| Address: | 130 West Hancock Street, Manchester, New Hampshire 03102 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 18 Years |
|---|---|
| Lease Commencement: | 2/1/2012 |
| Lease Expiration: | 1/31/2030 |
| Lease Term Remaining: | 5 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 0.75 Acres |
| Building Size: | 10,618 SF |
| Year Built: | 1963 |
| Year Renovated: | 2012 |
NNN Pro is pleased to present the exclusive listing for a Family Dollar & Nault's Powersports located at 130 West Hancock Street, Manchester, New Hampshire 03102. The site consists of roughly 10618 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Family Dollar & Nault's Powersports is subject to a 18-year Triple Net (NNN) lease, which commenced 2/1/2012. The current annual rent is $153,410 and has scheduled increases of 10.00% At Start of Each Option Period.
About the Investment
- Long-Term Tenant & Recent Lease Extension | Family Dollar has been at this location since 2012 and recently exercised their first option period while also increasing their rent as part of their extension showing their commitment to this location.
- Minimal Landlord Responsibilities | Both Family Dollar and Nault's Powersports have net leases with minimal Landlord responsibilities. The tenants reimburse their pro-rata share of all operating expenses, repairs, and maintenance of the property.
- Investment Grade Credit | Family Dollar is guaranteed by Dollar Tree Stores, Inc., which exceeded $30.6 billion of revenue in 2024. Dollar Tree Stores, Inc., operates over 16,000 stores nationwide and carries an investment grade credit rating of BBB (S&P).
Key Details
| Price: | $2,145,594 |
|---|---|
| Cap Rate: | 7.15% |
| Annual Rent: | $153,410 |
| Address: | 130 West Hancock Street, Manchester, New Hampshire 03102 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 18 Years |
|---|---|
| Lease Commencement: | 2/1/2012 |
| Lease Expiration: | 1/31/2030 |
| Lease Term Remaining: | 5 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 0.75 Acres |
| Building Size: | 10,618 SF |
| Year Built: | 1963 |
| Year Renovated: | 2012 |
Talk to the Pros
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Kevin Burke
kburke@nnnpro.com
License: NY: 10401370868
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: O75993
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.