Bridgestone - Hooksett, NH
Retail | 5.50% CAP | 5,000 SqFt
Marketing description
Atlantic Capital Partners has been retained to market for sale 1265 Hooksett Road, a single-tenant property fully occupied by Bridgestone in Hooksett, NH. The 5,000 SF building sits on 0.82 acres and is secured by a lease through May 31, 2035, with four additional 5-year renewal options. Current annual rent is $122,000, equating to $24.40 per SF. The property recently underwent a comprehensive renovation, including roof replacement, electrical upgrades, and parking lot improvements. It offers excellent frontage and visibility along NH Route 28, with traffic counts exceeding18,700 vehicles per day. This investment provides future ownership with long-term, stable cash flow backed by a corporate tenant and minimal capital requirements due to the recent renovations. 1265 Hooksett Road is offered at $2,200,000, representing a 5.50% capitalization rate.
Investment highlights
RARE LONG-TERM, INDIVIDUAL OR PORTFOLIO ACQUISITION OPPORTUNITY - Offered for sale is a Bridgestone-occupied single-tenant building in Hooksett, NH
OFFERED FOR SALE FREE AND CLEAR OF DEBT - The asset is being offered for sale free and clear of debt at $2,220,000, equating to a 5.50% cap rate
NEWLY EXECUTED LONG-TERM LEASE - Bridgestone’s lease was recently executed in November 2024 and expires in May 2035. Tenant retains four 5-year options with built-in rental escalations, providing investors with long-term contractual cash flow on a newly-renovated asset
UNMATCHED DEMOGRAPHICS AND TRAFFIC - Positioned along one of the most desirable retail corridors in the submarket, the asset features exceptional local demographics and tremendous regional draw
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