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Phase 10 Building 31 Sonja Dr

9,614 SF 86% Leased Retail Building Rindge, NH 03461 £1,432,318 (£149/SF) 7.52% Net Initial Yield

Investment Highlights

  • Long Term Leases
  • Strategic Retail Location
  • High Traffic Counts
  • Minimal Landlord Responsibilities
  • Franklin Pierce University
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Phase 10 Building, a well-maintained professional center located at 31 Sonja Drive in Rindge, New Hampshire (the “Property”). The Phase 10 Building is a 9,614 square foot professional center on a 3.17-acre parcel that is 100% leased to a complimentary mix of three tenants. The center is leased to Savings Bank of Walpole, Signature Smiles, and Monadnock Orthodontics. Each of the tenants have net leases making it an attractive investment for the passive investor and protecting the in-place cash flow against rising costs of service and labor. The Phase 10 Building is positioned along Sonja Drive which is seconds from, and runs parallel to, US Route 202, the area’s primary commercial and commuter corridor. The Property is adjacent to several national retailers and is across the street from Walmart and Hannaford, the area’s dominant grocer, both of which drive significant traffic to the area. The Property is 1.7-miles from the junction of US Route 202 and MA Route 119 and is 3-miles from Franklin Pierce University. Rindge is a small town located in southern New Hampshire. The town offers convenient access to Keene (20 miles) and Nashua (35 miles), the area’s largest cities. Rindge is also just 40 miles from Manchester, NH and 60 miles from Boston, MA.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,614 SF
Building Class
B
Year Built
2005
Price
£1,432,318
Price Per SF
£149
Net Initial Yield
7.52%
NOI
£107,729
Percent Leased
86%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.07
Land Acres
3.17 AC

Amenities

  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,614 SF
  • Retail
  • -
  • Now

» 1,614 SF Available for Lease

Space Size Space Use Position Available
1st Floor 1,614 SF Retail - Now

1st Floor

Size
1,614 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,614 SF
Space Use Retail
Position -
Available Now

» 1,614 SF Available for Lease

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RIND-000006-000099-000006-000001
Land Assessment
£131,546
Improvements Assessment
£784,018
Total Assessment
£915,563
  • Listing ID: 34109494

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 31 Sonja Dr, Rindge, NH 03461

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