Retail•Community Center•For Sale

Franklin Shopping Center

880 Central Street, Franklin, New Hampshire 03235

Sale Price $2,700,000
Sale Type Investment
Zoning B1
Bldg Type Multi-Tenant
Year Built 1965
Cap Rate 8.68%
Vacancy 100%
Annual Taxes $51,769.00
Gross Bldg 43,200 SqFt
Land Area 5.2 Acres
Improvements Level, flat lot and lighted intersection.
Net Op Inc $234,300
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. Central Street is Route 3. Take Exit 19 off Route 93. 3.5 miles from Tilton.
  • 15.33% Cash on Cash Return Year 1
  • Excellent (internet resistant) tenant base
  • $234,300 NOI (stable cash flow)
8/6/2019 9:41:59 PM 8/6/2019 9:41:59 PM
A. Nicholas Coppola, CCIM
President
Coppola Properties

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