163 Court St - Freestanding FOR SALE


Laconia, NH 03246- Downtown Laconia
$1,807,142 USD
781-776-4001
163 Court St, Laconia, NH for Sale
$1,807,142 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

163 Court St
Laconia, NH 03246
Downtown Laconia


HIGHLIGHTS

  • Long Term Lease
  • Scheduled Rent Increases
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Recession Resistant Investment
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in a single-tenant, double-net leased Advance Auto Parts (“AAP”) investment property located at 163 Court Street in Laconia, New Hampshire (the “Property”). Advance Auto Parts has been at this location for 11+ years and has 3+ years remaining on their lease with three (3), 5-year renewal options. The lease features 10% rent increases at the start of each of the renewal options. The Property is extremely well-located at the intersection of Fair Street and Court Street (US Route 3 Business), the area’s primary commercial corridor. Advance Auto Parts is part of the Faircourt Plaza and benefits from excellent visibility and frontage along Court Street (US Route 3 Business) in Laconia’s downtown/business district. This location allows for convenient and direct access to the Lakes Region of New Hampshire, and to Interstate 93 via US Route 3 the Lake’s Region’s primary commercial corridor.

FOR SALE DETAILS

PRICE

$1,807,142 USD

PRICE/SF

$262 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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Todd TremblayHorvath & TremblayMore Info
781-776-4001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.