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611 Amherst St
Nashua, NH 03063
Starbucks & Verizon · Retail Property For Sale


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
C
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
Property Taxes
| Parcel Number | 0000H-00644 | Improvements Assessment | $780,200 |
| Land Assessment | $1,025,300 | Total Assessment | $1,805,500 |
Property Taxes
Parcel Number
0000H-00644
Land Assessment
$1,025,300
Improvements Assessment
$780,200
Total Assessment
$1,805,500
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