Starbucks & Verizon
Retail | 7.25% CAP | 5,589 SqFt
Marketing description
LONG TERM TENANTS: Both Starbucks and Verizon have been at the center since 2008 and have exercised renewal options, demonstrating their commitment to the site and the market. Starbucks has just under 2 years remaining on their lease with two (2), 5-year options and Verizon has just over 2 years remaining on their lease with two (2), 5-year options. Both leases provide for 10% rent increases at the start of each renewal option.
FIXED RENT INCREASES: Both the Starbucks and Verizon leases call for 10% rent increases at the start of each renewal option period, providing a fixed increase in income and an attractive hedge against inflation.
DYNAMIC CORPORATE TENANTS: Starbucks Corp. (NASDAQ: SBUX) boasts an investment grade credit rating of BBB+ (S&P) and has a market cap of approximately $111.23 billion (4/09/2026) and reported FY 2025 revenues of $37.2 billion, a 3.0% increase over 2024 revenues. Verizon is operated by Cellco Partnership (corporate location) and is considered a credit-worthy, investment- grade telecommunications tenant with a national footprint and long operating history. The company’s strong financial performance, national brand recognition, and recurring customer base make Verizon a highly desirable retail tenant.
STRATEGIC RETAIL LOCATION: The Property is well located along Amherst Street (NH Route 101A) and benefits from outstanding visibility and frontage. The location is part of a dominant trade area centered around the junction of Amherst Street (NH Route 101A) & the Everett Turnpike (US Route 3), with numerous businesses, national tenants, several area schools (including colleges), and the Nashua Airport drawing significant traffic to the area. The Property is also convenient to residential neighborhoods and area schools that provide a built-in and captive customer base. The Property’s proximity to major state roads and highways provides for efficient regional connectivity, including quick access to Manchester, NH and Lowell and Lawrence, MA.
PROXIMITY TO LOCAL COLLEGES: Nashua is home to Nashua Community College which has more than 2,300 students, Rivier University which has more than 2,230 students, the Nashua branches of both Southern New Hampshire University and Granite State University, Daniel Webster College, and Thomas More College bolstering the overall student population in the Nashua market.
AREA RETAILERS: Additional retailers in the area include Walmart Supercenter, Target, Home Depot, Lowe’s, Whole Foods, Market Basket, Aldi, Home Goods, Big Lots, Marshalls, TJ Maxx, PetSmart, Staples, Michaels, Harbor Freight Tools, Planet Fitness, ConvenientMD, Walgreens, CVS, Texas Roadhouse, Longhorn Steakhouse, Applebee’s, Chipotle, Chick-Fil-A, Panera Bread, Cava, Wendy’s, KFC, Burger King, Taco Bell, Arby’s, Pizza Hut, Dunkin’, Aroma Joe’s and 7-Eleven.
TRAFFIC COUNTS: More than 38,000 vehicles pass the Property daily along Amherst Street (NH Route 101A).
DEMOGRAPHICS: There are approximately 21,300 people within 3 miles of the Property with an average household income of $160,083. More than 81,400 people within 5 miles of the Property with average household incomes of $146,191. Additionally, there are more than 46,100 employees within 5 miles of the Property.
Investment highlights
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a two- tenant retail center located at 611 Amherst Street in Nashua, New Hampshire (the “Property”). The two-tenant property is improved by Starbucks and Verizon and contains 5,589 square feet on a 2.74-acre parcel. Both Starbucks and Verizon have been at the center since 2008 and have exercised renewal options, demonstrating their commitment to the site and the market. Starbucks has just under 2 years remaining on their lease with two (2), 5-year options and Verizon has just over 2 years remaining on their lease with two (2), 5-year options. Both leases provide for 10% rent increases at the start of each renewal option.
The Property is strategically positioned along Amherst Street, offering outstanding frontage and visibility within one of the area’s most active commercial corridors. Located near the junction of Amherst Street and Everett Turnpike, the site benefits from a dominant regional trade area supported by numerous businesses, national retailers, area schools, including nearby colleges, and Nashua Airport, all of which generate significant daily traffic.
Surrounded by established residential neighborhoods and educational institutions, the Property benefits from a built-in and consistent customer base. In addition, convenient access to major state routes and highways provides strong regional connectivity, including efficient travel to Manchester, Lowell, and Lawrence, further enhancing the Property’s accessibility and market reach.
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