Franklin Shopping Center
Retail | 7.80% CAP | 43,200 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Franklin Shopping Center located at 880 Central Street in Franklin, New Hampshire (the “Property”). The retail center contains 43,200 square feet of gross leasable area on 5.22 acres of land. The Property is comprised of twelve (12) units and is 96.28% occupied by several e-commerce resistant tenants with a complimentary mix of national retailers and local businesses offering products and services for the surrounding community. The center offers strong in-place income with additional upside through lease up of the 1,940 square-foot vacant unit.
The Property is positioned along Central Street (US Route 3), one of the primary commercial corridors serving Franklin and the surrounding Lakes Region. The site offers strong visibility and convenient access along this well-traveled route, which provides direct connectivity south toward Concord and north to Tilton and Laconia. The Property benefits from its proximity to the Tilton retail hub, including Tanger Outlets Tilton and national anchors such as Walmart Supercenter and BJ's Wholesale Club, collectively driving significant regional consumer traffic. In addition, the location offers convenient access to Franklin’s downtown district and nearby residential neighborhoods, supporting consistent local and commuter-based demand.
Investment highlights
ASSET: The Franklin Shopping Center is a 43,200 square foot retail plaza on 5.22 acres of land with excellent frontage and visibility on Central Street (US Route 3) and features abundant parking space for patrons.
NATIONAL TENANTS: The Franklin Shopping Center features several national retailers, including AutoZone, Rent-A-Center, Snap Fitness, and UScellular, which together account for over 50% of the revenue at the Property.
DIVERSE, E-COMMERCE RESISTANT INVESTMENT: The Property benefits from a diverse mix of tenants with a number of internet resistant businesses, including Snap Fitness, a restaurant, salons, a laundromat, and a treatment center. Unit sizes vary from 1,100 to 8,800 square feet, allowing for a wide assortment of business types to fit tenants’ needs.
STRONG INCOME & UPSIDE POTENTIAL: With 96.28% occupancy, the Franklin Shopping Center offers strong in-place income from a resilient tenant roster. There is additional upside through lease up of the 1,940 square-foot vacant unit.
STRATEGIC LOCATION: The Franklin Shopping Center benefits from a high-visibility position along US Route 3 (Central Street), one of Franklin’s primary commercial and commuter corridors. The Property offers strong frontage and direct access along this well-traveled artery, providing convenient connectivity to downtown Franklin and the surrounding Lakes Region communities. US Route 3 serves as a key north-south route through Central New Hampshire, linking the area to larger population centers including Concord to the south and Tilton to the north.. The site is strategically located near the dominant Tilton retail corridor, including Tanger Outlets Tilton, as well as major national anchors such as Walmart Supercenter and BJ's Wholesale Club, collectively driving significant regional consumer traffic and reinforcing the corridor’s position as a primary retail destination within Central New Hampshire.
ECONOMIC DRIVERS: Franklin’s economy is supported by a combination of advanced manufacturing, healthcare, tourism, and small business activity, providing a stable foundation within the greater Lakes Region and Central New Hampshire area. Manufacturing remains a meaningful employment sector, with specialty producers and industrial firms operating in and around the city. Healthcare services, anchored by providers such as Franklin Regional Hospital, serve both the local population and surrounding communities. In recent years, Franklin has experienced notable investment and revitalization tied to outdoor recreation and destinationbased tourism, driven by its proximity to the Merrimack River and the broader Lakes Region, attracting new businesses, hospitality operators, and visitors. This blend of traditional industry and emerging tourism activity supports steady economic momentum and long-term growth potential.
RETAIL TRADE AREA: Additional retailers attracting consumers to the trade area include Hannaford, CVS, McDonald’s, Domino’s, Tractor Supply Company, Family Dollar, Circle K, Service Credit Union, Monro Auto Service, Franklin Savings Bank, Dollar General, O’Reilly Auto Parts, Dollar Tree, Dairy Queen, Dunkin’, Safelite, and Aroma Joe’s Coffee.
TRAFFIC COUNTS: More than 15,300 vehicles pass by the Property per day along Central Street (US Route 3).
DEMOGRAPHICS: More than 13,800 people live within 3 miles of the Property with an average household income of $91,646. There are more than 5,800 employees working within the same 3-mile radius.
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