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Starbucks & Verizon 611 Amherst St 5,589 SF 100% Leased Retail Building Nashua, NH 03063 $3,578,493 ($640.27/SF) 7.25% Cap Rate

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Investment Highlights

Long Term Tenants
Dynamic Corporate Tenants
Proximity to Local Colleges

Fixed Rent Increases
Strategic Retail Location
Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a two- tenant retail center located at 611 Amherst Street in Nashua, New Hampshire (the “Property”). The two-tenant property is improved by Starbucks and Verizon and contains 5,589 square feet on a 2.74-acre parcel. Both Starbucks and Verizon have been at the center since 2008 and have exercised renewal options, demonstrating their commitment to the site and the market. Starbucks has just under 2 years remaining on their lease with two (2), 5-year options and Verizon has just over 2 years remaining on their lease with two (2), 5-year options. Both leases provide for 10% rent increases at the start of each renewal option. The Property is strategically positioned along Amherst Street, offering outstanding frontage and visibility within one of the area’s most active commercial corridors. Located near the junction of Amherst Street and Everett Turnpike, the site benefits from a dominant regional trade area supported by numerous businesses, national retailers, area schools, including nearby colleges, and Nashua Airport, all of which generate significant daily traffic. Surrounded by established residential neighborhoods and educational institutions, the Property benefits from a built-in and consistent customer base. In addition, convenient access to major state routes and highways provides strong regional connectivity, including efficient travel to Manchester, Lowell, and Lawrence, further enhancing the Property’s accessibility and market reach.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,589 SF

Building Class

Year Built

2008

Price

$3,578,493

Price Per SF

$640.27

Cap Rate

7.25%

NOI

$259,441

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.05

Lot Size

2.54 AC

Frontage

136’ on Amherst St

Major Tenants

Accommodation and Food Services
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Starbucks began in 1971 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.

Information
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The company was formed in 2000 through the merger of Bell Atlantic and GTE, creating a communications business with roots in earlier regional telephone and network operations. Verizon provides wireless service, fixed wireless access, and fiber broadband for consumer customers, while also serving businesses and government agencies. The company's business offerings include data, video, conferencing, corporate networking, security, managed network services, voice services, and internet of things connectivity, giving Verizon a broad role across the communications technology market.