Franklin Shopping Center
Listing was updated at: 08/06/2019
Property Overview
Price/Rent PSF $ 2,700,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 43,200
Date Available 08/06/2019
Additional URL Link
Parking 220
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Description

Location
Central Street is Route 3. Take Exit 19 off Route 93. 3.5 miles from Tilton.

Sale
For Sale. 11-unit community shopping center. 43,200 square feet on 5.20 acres. 220 parking spaces. NOI of $234,300. Cap Rate of 8.68%. Cash on Cash return of 15.33% year 1. Excellent mix of National, Regional, Local retailers and services, most long term. Entire roof replaced in 2009 and most roof top HVAC units have been replaced within last 9 years. Located at a lighted intersection on Route 3 in Franklin, NH (Exit 20 off Route 93) anchored by Auto Zone, Rent-A-Center, Aubuchon Hardware, Snap Fitness, NH State Liquor Store plus laundromat, restaurant, nail salon and medical clinic.. Approximately 435' frontage on Route 3 with large Pylon Sign. Approximately 20,000 VPD traffic count. CVS is located directly across the street with nearby retailers including McDonalds, Citizens Bank, Dunkin Donuts, Family Dollar, Hannafords Supermarket with Franklin Regional Hospital nearby. Steady, stable cash flow. Zoning is B1. Future pad site potential.

Location