Applebee's - Hooksett, NH
Retail | 6.50% CAP | 5,000 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to market for sale 1273 Hooksett Road, a single-tenant retail asset fully occupied by Applebee’s Grill & Bar. This offering presents investors with a compelling opportunity to acquire a high-performing, franchisee-backed tenant with a long-term lease in place. The property benefits from excellent frontage and visibility along NH Route 28, which sees traffic volumes exceeding 18,700 vehicles per day. 1273 Hooksett Road is being offered at a list price of $1,610,000, representing a 6.50% capitalization rate and providing stable, long-term cash flow.
Investment highlights
RARE LONG-TERM, INDIVIDUAL OR PORTFOLIO ACQUISITION OPPORTUNITY - Offered for sale is a Applebee’s-occupied single-tenant building in Hooksett, NH
NEWLY EXECUTED LONG-TERM LEASE - Applebee’s is a long-standing tenant since 1999 with strong renewal performance. The tenant expires in 2029 and retains two five-year options with built-in rental escalations
OFFERED FOR SALE FREE AND CLEAR OF DEBT - The asset is being offered for sale free and clear of debt at $1,610,000, equating to a 6.50% cap rate
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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