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29130206
29130207

655 S Willow Street, Manchester, NH 03103

ME
MA 9571461
Atlantic Retail Boston
CP
MA 9533428
Atlantic Capital Partners
DT
MA 9569555
Atlantic Capital Partners
JS
MA9524556, MA
Atlantic Capital Partners
Listed by Atlantic Retail Boston, Atlantic Capital Partners
Unpriced
140 days on market
Updated 127 days ago

The Shoppes | Manchester NH

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 64,598
Net Rentable (SqFt) 64,598
Occupancy 100%
Class A
Year Built 2018
Buildings 1
Stories 2
Investment Type Institutional

Retail | 64,598 SqFt

Marketing description

Atlantic Capital Partners has been exclusively engaged to market for sale The Shoppes, a neighborhood shopping center strategically located at 655 South Willow Street in Manchester, New Hampshire—just 2.6 miles south of Downtown Manchester—positioned along South Willow Street (NH Route 28), one of New Hampshire’s busiest retail corridors and a primary commercial artery connecting I-293, I-93, and Manchester-Boston Regional Airport, benefiting from exceptional regional accessibility and exposure as the corridor draws customers from a broad trade area encompassing the state’s largest population centers, with its central location along I-93 and I-293 providing businesses and residents seamless access to Boston, the Seacoast, and Northern New England while maintaining a lower cost structure and strong quality of life; as a premier retail destination along South Willow Street, the property features a strong mix of service-oriented, necessity-based, and daily-needs retailers, many operating under long-term leases creating a compelling and stable investment opportunity, anchored by Core Medical Group in 28,614 square feet with term through 2029 and one option thereafter, in addition to restaurant tenancy in Golden Corral (2035 LXD), California Burrito (2034 LXD), and Pokespot (2032 LXD) creating a strong cornerstone of regular traffic to the center, with a WALT of 4.7 years remaining presenting future ownership with a durable income stream; although not part of the offering, The Shoppes is shadow-anchored by True Storage, one of New England’s most active storage operators and developers continuing to expand its footprint across the region leveraging strong demand drivers in high-density and supply-constrained markets like Manchester, offering investors shared expenses on site and a recession-resistant shadow-anchor use that performs reliably across economic cycles, further enhancing the asset by anchoring the center with a nationally scaled operator that drives consistent traffic; The Shoppes is being offered for sale without a formal asking price, free-and-clear of existing debt through a formal call for offers process.

Investment highlights

Prime Location with Strong Visibility: Located at the Northern end of Manchester’s most productive retail node, the property sees 21,400 VPD on South Willow Street and benefits from significant market co-tenants.

Diverse and Stable Tenant Mix: The Shoppes is home to several productive tenants across multiple use types that bolster an impressive rent roll. CoreMedical Group anchors the site as an office user and recognizable national brands such as Colden Corral, Papa Ginos, Tropical Smoothie, and M&T Bank supplement the rest of the site making this a stable and diverse tenant mix.

Strong Shadow Anchor: The Shoppes shared a building with True Storage, one of New England’s most active storage operators and developers. This provides the balance of the site with consistent foot traffic and a recession-proof use type making it that much more desirable.

A Major Trade Area Draw: 655 South Willow operates in a unique market that pulls from an extensive trade area across multiple states. With New Hampshire benefiting from zero sales tax, consumers from all over the state as well as Massachusetts and Vermont make the market a true destination area.

Strong Local Demographics Enhanced by an Industrial Hub: Manchester benefits from robust three- and five-mile demographics and a growing residential base. The surrounding area features a mix of necessity retail, medical offices, and logistics centers that drive consistent foot traffic and attracts quality tenants to the submarket.

A Thriving Employment Hub: The property is surrounded by a dense employment zone with a labor force of over 120,000 workers in Manchester and proximity to major employers including Southern New Hampshire University, VELCRO, and Citizens Bank as well as regional office parks. This drives consistent daytime traffic and supports a stable customer base for service-oriented tenants

Listing Contacts

ME
MA 9571461
Atlantic Retail Boston
CP
MA 9533428
Atlantic Capital Partners
DT
MA 9569555
Atlantic Capital Partners
JS
MA9524556, MA
Atlantic Capital Partners
Listed by Atlantic Retail Boston, Atlantic Capital Partners

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