Monadnock Marketplace
Retail | 203,249 SqFt
Marketing description
JLL Retail Capital Markets is pleased to offer for sale Monadnock Marketplace, a ±203,249 SF, dominant grocery-anchored center located in Keene, New Hampshire. The 100% leased property is anchored by an established Price Chopper Supermarket which recently extended early to 2035 and shadow-anchored by Home Depot, Target and Dick’s Sporting Goods, which collectively drive significant traffic volume to the property each day.
Nearly 46,000 SF of new leases have been signed since 2022 which reflects increased leasing velocity within the market and confirms Monadnock’s position as one of the area’s dominant shopping centers. Monadnock Marketplace is located in the midst of southwestern New Hampshire’s primary retail corridor and offers investors stable in-place cash flow in a high barrier to entry new England market.
https://invest.jll.com/za/en/listings/retail/monadnock-marketplace
Investment highlights
- 203,249 SF grocery anchored shopping center in Keene, New Hampshire
- 100% leased and dominant national tenants represent nearly 90% of property's income
- Recent 10 year extension for Price Chopper with over 19 years tenure
- Shadow anchored by category leaders Target, Home Depot and Dick's Sporting Goods that greatly expand the property's drawing power
- Strong leasing momentum since 2022 with nearly 46,000 SF leased to national, credit tenants including Five Below, Old Navy and Panera Bread
- Significant barriers to entry
- Timeless brick façade
- Access and excellent visibility from major roadways connecting the region
- 11 tax parcels adding exit optionality
- https://invest.jll.com/za/en/listings/retail/monadnock-marketplace
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