IPA, a division of Marcus & Millichap, is currently promoting the sale of Merrimack Village Center in Merrimack, NH. This 82,292-square-foot neighborhood shopping center boasts a prime location and is anchored by popular retailer Shaw’s supermarket. With an asking price of $17.6 million, this property presents a lucrative investment opportunity.
According to Jim Koury, senior managing director at IPA,”Nearly 80% of the total area is leased out to three reputable tenants – Shaw’s supermarket,the New Hampshire Liquor and Wine Outlet,and McDonald’s.” The grocery store serves as the only one within a four-mile radius while the liquor store has its lease backed by the State of New Hampshire.Additionally,the separate out-parcel housing McDonald’s can be sold separately if desired.
Strategically situated off Interstate 293/Everett Turnpike,this property lies just forty miles from Boston between two major cities in New Hampshire – Manchester and Nashua.These cities are located in Hillsborough County which happens to be oneofthe most populous countiesinthe state.
Constructed on over ten acres back in2006,this center currently enjoys full occupancy with only1% vacancy rate making it an attractive investment option for potential buyers.
