Meredith Bay Shops

JLL Capital Markets presents the exclusive opportunity to acquire Meredith Bay Shops (the “Property”), a 100% occupied Hannaford supermarket-anchored shopping center along the Meredith Bay shoreline of Lake Winnipesaukee, in Meredith, NH. The center benefits from having the only national grocer within an 8+ mile radius, serving an expanded trade area within a high barrier-to-entry market. The Property features a necessity-based tenant lineup with 16.9 years of average tenure, combining grocery, hardware, and service-industry tenants, well suited to serve both year-round residents and tourists.

Hannaford is the dominant grocer in the region with limited competition, and recently demonstrated their long-term commitment to the Property, completing a multi-million-dollar store renovation in July of 2026. National tenants account for 82% of the gross in-place tenant revenue, providing surety of cash flow. While fully occupied, the Property allows for significant value creation throughout an investor's hold period. In-place shop base rents are currently +/-12% below market, allowing for mark-to-market opportunities upon tenant rollover across the rent roll, and Hannaford’s options have 10%+ base rent increases every five years, further enhancing NOI growth, yielding a 3.61% 10-Year NOI CAGR on baseline underwriting.