Manchester, NH
- Absolute net lease with 10% increases every 10 years in the options, located 3.5 mi NW of Downtown Manchester and is the 2nd busiest Rite Aid in a 15-mi radius.
- One block from Shaw's Plaza anchored by Big Lots, Dollar Tree and Planet Fitness. Major employers in the area include Catholic Medical Center and Saint Anselm College.
- Area demos include 133,768 residents with a median HH income of $67,149 within a 5-mi radius.
Pharma Property Group is pleased to present the opportunity to purchase a Rite Aid in Manchester, New Hampshire. Rite Aid has ±6.5 years remaining with 6 (5-year) options to extend. This Rite Aid lease operates on an absolute net basis and allows for 10% rental increases every 10 years in the options.
Subject property is located just 3.5 miles northwest of Downtown Manchester, the most populous city in the state, and is the second busiest Rite Aid location within a 15-mile radius with ±123,800 visitors annually. It is the only stand alone national drugstore in over 2 miles. Nearest Walgreens is 2.3 miles southeast and the nearest CVS is 2.4 miles southeast. Area demographics include 133,768 residents with a median household income of $67,149 within a 5-mile radius of the subject property.
Just one block from the subject property is Shaw's Plaza anchored by Big Lots, Dollar Tree and Planet Fitness. Also in the center is FunCity Trampoline Park, Advance Auto Parts, Domino's Pizza and Supercuts. Major employers in the area include Catholic Medical Center (2.7 miles SE, 2,000 employees), Saint Anselm College (1.1 miles S, 799 employees), and an 160,000 square foot industrial park (0.7 miles W) which houses over a dozen companies including the United States Post Office, Bellmore Plumbing, Precision Welding, and Deano Construction.
