Amherst Street Village

JLL Capital Markets has been retained as exclusive advisor for the sale of Amherst Street Village, a +/- 48,342 SF, 100% leased, pharmacy-anchored strip center in Southern New Hampshire. Located in Nashua, NH, Amherst Street Village is anchored by a highly visible Walgreens and a top performing PetSmart location that recently extended to 2036. The property is situated on three separate tax parcels, allowing an investor the unique opportunity to retain the property in part or in whole upon acquisition. In addition to Walgreens and PetSmart, the property contains a 12,842 SF unanchored strip, which has seen exceptional recent leasing momentum with 7,242 SF of new leases across five suites since 2021. All strip tenants have contractual annual rent increases or FMV market reset options, with a CAGR on that component above 3%.

Amherst Street Village is shadow anchored by Target, with 1.5 million annual visits per Placer.ai and is located on State Route 101A (Amherst Street), seeing upwards of 38,900 vehicles per day. Located on the MA/NH border, Nashua ranks second only to Boston for one of the highest concentrations of retail product in New England. The submarket boasts a low 3.1% retail vacancy rate with no new construction (according to CoStar), and with tax free shopping in New Hampshire, the Property is well positioned for sustained momentum.

NH Broker of Record

John Linell

NH 059056