1339 Hooksett RdHooksett, NH 03106

Property Details for 1339 Hooksett Rd

Year built

2020

Construction

STEEL FRAME

Lot size

1.32 AC

Property size (Sq ft)

7,225 SF

Zone code

PZ

Property type

Retail properties

APN

HOOK M:25 B:10

APU

HOOKM25B10

Description

This exceptional investment opportunity presents a 7,280 square foot, Class A, O'Reilly Auto Parts store located at 1339 Hooksett Rd, Hooksett, NH 03106. Built in 2019 on a 1.34-acre lot, this single-tenant net lease property boasts a strong corporate guarantee from O'Reilly Auto Parts (NASDAQ: ORLY), a Fortune 500 company with an S&P investment grade credit rating of "BBB" and annual revenue exceeding $14.4 billion. The lease, expiring October 15, 2034, offers a remaining term of approximately 9.9 years, with built-in rent bumps of 6% every 5 years, starting in 2029. The property generates a substantial net operating income (NOI) of $148,021, resulting in an attractive 5.85% cap rate. Situated in a high-traffic area with daily vehicle counts exceeding 30,000, the property benefits from excellent visibility and accessibility. The affluent location, with average household incomes exceeding $115,000 within a 3-mile radius, is proximate to numerous national retailers including Target, Home Depot, Walmart, and more. Its proximity to downtown Manchester, NH, Boston, MA, and Southern New Hampshire University further enhances its appeal. The property's strategic location near major transportation routes and a large concentration of employees adds to its investment strength. This is a rare opportunity to acquire a high-quality, long-term net lease investment with a strong tenant and significant upside potential. The asking price is $2,530,274.

• CAP approach

  CAP return

  Valuation

  6%

  $1,755,927

  6.5%

  $1,620,856

  7%

  $1,505,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,378,926

  Geo Method

  $2,378,926

• Alternative Use

  Use

  Valuation

  Residential

  $1,367,253

  Hospitality

  $1,252,396

  Educational

  $1,041,979

  Medical

  $1,077,814

  Retail

  $1,620,856

Location Insight

City

Hooksett

County

Merrimack

State

New Hampshire

Latitude

43.0586

Longitude

-71.4416

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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