Calef Highway
Retail Strip Center 11,600 SF Barrington NH
Marketing description
Current Financials
Total Rentable Area: 11,665 sq ft
Average Current Rent: $10.94/sq ft (Modified Gross)
Gross Annual Rental Income: $127,615
Additional Income (Propane Terminal):
Gross Revenue: $78,703
Net Profit (49% Margin): $38,564
Total Net Operating Income (NOI): $166,180
Value & Market Potential
Current Cap Rate: 7.6%
Implied Market Value @ 7.6% Cap: $2,186,573
Market Rent Potential: $16.54/sq ft
Market Rental Income Potential: $192,939/year
Rent Upside: $65,324/year → +51.2% increase potential
Location Highlights
Prime location with 16,722 cars/day
Adjacent to Turbocam International’s new 7.96-acre HQ campus
Across from Barrington Cinema
Well-positioned for visibility
Lease Structure
5 tenants total:
(2) on month-to-month (MTM) leases (immediate upside)
(3) leases expiring January 2026 (repositioning opportunity)
Investment highlights
Fully occupied asset with long-term tenants
Below-market rents offer immediate and medium-term upside
Unique secondary income stream from propane terminal
Stable income + repositioning potential = strong hybrid return
Estimated +50% NOI growth by adjusting rents to market over time
Listing Contacts
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Valuation Metrics
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