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Listed by Matthew Lefebvre • Downtown Realty
$895,000
Est. payment /mo
2,346 SqFt
New
428 South Willow ST Manchester, NH 03103
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,346 sqft
Price per Sqft $381
MLS Listing ID 5107924
Year Built 1956
Annual Tax Amount $10,490
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Property Description
Fantastic opportunity to acquire a single-tenant, freestanding commercial building net-leased to Hertz Global Holdings Inc., along the busiest retail corridor in Manchester, NH. The ±2,346 SF building sits on a high-visibility corner lot at a lighted intersection with ±128' of frontage along Route 28, carrying an average daily traffic count of over 21,000 VPD. Hertz has operated at this location since 2004, most recently negotiating an extension of their lease for an additional five years running through March 2029 as well as two more 5 year options through 2039. Prior to their current term, Hertz has installed EV charging stations, modernized their storefront, and updated signage and building facade, demonstrating meaningful capital investments in conjunction with their 20+ year commitment to the site. The property generates a net operating income of $61,800, offering an investor an attractive return for a hands-off investment rented to a globally recognized brand. The site benefits from easy to access to I-293, I-93, and the Manchester-Boston Regional Airport along with immediate proximity to two of Manchester's dominant retail centers, The Shoppes at South Willow and Manchester Commons Shopping Center, as well as dozens of large national tenants including Home Depot, Michaels, PetSmart, Burlington, Raising Cane's, Popeyes, Hobby Lobby, Citizens Bank, BJ's Wholesale Club, among others. The surrounding trade area supports a dense, affluent consumer base, with a 5-mile population of over 143,000 and average household income of $124,640. This offering represents a rare chance to acquire a well-located, income-producing asset with a proven, long-term tenant on one of Southern New Hampshire's premier retail corridors.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning BC-2
Interior
Cooling Central AC
Inclusions Land/Building
Exterior
Utilities Available Other
Waterfront Description No
View Y/N No
View No
Roof Type Membrane,Rolled
Building
Sewer Public
NEARBY SCHOOL & BUSINESS
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