Skip to main content

Auto Parts

Midas Nashua

518 Amherst St, Nashua, NH 03063

Listing Price: $1,550,000

Cap Rate
5.75%
Tenant Name
Midas
Gross SF
5,900
Guarantor
Franchisee Guarantee
Rentable SF
5,900
Price/Gross SF
$262.71
Lease Type
Absolute Net
Rent Per Square Feet
$15.11

Investment Overview

Marcus & Millichap is proud to exclusively offer for sale the Midas located at 518 Amherst St, Nashua New Hampshire. The subject property is a 5,900 square foot auto service center with eight service bays situated on a lot that is just over half an acre in size. The property is located in the heart of a busy retail corridor and is surrounded by many nationally recognized tenants including Walgreens, 7-Eleven, Starbucks, Firestone, Dunkin’ and many more. The site is in the center of a densely populated area, with nearly 35,000 vehicles per day passing the location and more than 95,000 residents within 5 miles of the property. The average household income in the area is more than $108,000, well above the national average. This is a sale-leaseback opportunity. At the close of escrow, the seller will sign a new 10-year lease that includes (four) five-year options. The lease will contain healthy 10 percent rent increases at the beginning of the sixth year of the base term as well as at the start of each option period.

Investment Highlights

  • Sale/ Leaseback with a new 10-year lease plus options signed at close of escrow
  • Healthy 10 percent increases every five years of base term and in each option period
  • Top 5 Midas franchisee with 40+ years of experience as a Midas operator
  • Premier retail location with traffic counts of more than 34,000 VPD
  • Affluent community, with an average household income of more than $108,000
  • Densely populated area, with > 95,000 residents within 5 miles of the property
  • Located on a prime retail corridor with many national tenants
  • Every major auto service brand is located within two miles of the site

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s) NH: 077795

    New Hampshire

Listing Price: $1,550,000

Cap Rate
5.75%
Tenant Name
Midas
Gross SF
5,900
Guarantor
Franchisee Guarantee
Rentable SF
5,900
Price/Gross SF
$262.71
Lease Type
Absolute Net
Rent Per Square Feet
$15.11

Investment Highlights

  • Sale/ Leaseback with a new 10-year lease plus options signed at close of escrow
  • Healthy 10 percent increases every five years of base term and in each option period
  • Top 5 Midas franchisee with 40+ years of experience as a Midas operator
  • Premier retail location with traffic counts of more than 34,000 VPD
  • Affluent community, with an average household income of more than $108,000
  • Densely populated area, with > 95,000 residents within 5 miles of the property
  • Located on a prime retail corridor with many national tenants
  • Every major auto service brand is located within two miles of the site

Investment Overview

Marcus & Millichap is proud to exclusively offer for sale the Midas located at 518 Amherst St, Nashua New Hampshire. The subject property is a 5,900 square foot auto service center with eight service bays situated on a lot that is just over half an acre in size. The property is located in the heart of a busy retail corridor and is surrounded by many nationally recognized tenants including Walgreens, 7-Eleven, Starbucks, Firestone, Dunkin’ and many more. The site is in the center of a densely populated area, with nearly 35,000 vehicles per day passing the location and more than 95,000 residents within 5 miles of the property. The average household income in the area is more than $108,000, well above the national average. This is a sale-leaseback opportunity. At the close of escrow, the seller will sign a new 10-year lease that includes (four) five-year options. The lease will contain healthy 10 percent rent increases at the beginning of the sixth year of the base term as well as at the start of each option period.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s): NH: 077795

    New Hampshire

MM Texture Background
MM Textured Background Lower