1-2 ACRES JUST OFF RT. 12A RETAIL STRIP W. LEBANON NH
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1 1-2 ACRES JUST OFF RT. 12A RETAIL STRIP W. LEBANON NH I-89 VT 11 9 RT. 12A RD FTG 3 SIDES, ACCESS VIA 2 SIGNALED INTERSECTIONS. 2 LOTS OF RECORD, OFFERED SEP. OR COMBINED 2 BLDGS, PARTIALLY LEASED, 10% CAP RATE 11 INTERCHANGE DR. $680,000 9 & 11 INTERCHANGE DR. $1,400,000
2 Prepared by James P. Ward, Equity Group Real Estate Brokers, Inc. Aug 22, 2017 on NECPE [M] [O] New Hampshire Real Estate License: ac at W. Lebanon retail strip 9-11 Interchange Dr., West Lebanon, NH Listing ID: Status: Active Property Type: Retail-Commercial For Sale Retail-Commercial Type: Free-Standing Building, Restaurant Sale Price: $1,400,000 Unit Price: $140 PSF Sale Terms: Cash to Seller Nearest MSA: Claremont-Lebanon County: Grafton Tax ID/APN: and Zoning: GENERAL COMMERCIAL Property Use Type: Investment, Vacant/Owner-User Building/Unit Size (RSF): 10,000 SF Property Visibility: Good Highway Access: I Block to Rt. 12a strip and 1 block to Interstate Tenancy: Multiple Tenants Construction/Siding: Block Parking Type: Surface Overview/Comments 2 lots of record with total of 2 acres, with road frontage of 960 ft on 3 sides. 2 existing income bldgs. or redevelop and be part of highly sought W. Lebanon regional retail district just off Rt. 12a. 2 access roads with traffic signals. Excellent traffic flow, good visibility. 95% useable land. 30% lot coverage for potential build out of 26,000 sf. Partial visibility to Rt. 12a (16,000 vpd).pylon sign. Across the street from Mcdonald's entrance. (highest traffic count intersection ) masonry bldg. town w/s. High sales/sf due to regional demand of tax free NH from adjacent VT border. Front bldg. owner/occupant, possible lease back, Back bldg leased at 10% cap rate. Lease terms vary (see rent roll) More Information Online QR Code Scan this image with your mobile device: Property Contacts James P. Ward Equity Group Real Estate Brokers, Inc [M] [O] jim@equitygrouprealtors.com Page 1 Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
3 Loop road to Walmart 2 lots of record with total of 2 acres, with income bldgs. or redevelop and be part of highly sought W. Lebanon regional retail district just off Rt. 12a. 2 access roads with traffic signals. Excellent traffic flow, good visibility. 95% useable land. 30% lot coverage for estimated 26,000 sf build out. Some visibility to Rt. 12a (16,000 vpd), pylon sign. Across the street from McDonald's entrance. (highest traffic count intersection on strip) 2 bldgs. with tenants. Metal and masonry bldg. town w/s. Great re-development potential and investment value. Very high sales/sf due to regional demand of tax free NH. On VT border.
4 9 INTERCHANGE DR 11 INTERCHANGE 1.03 AC Loop road to Walmart 8/10TH ACRE, 3768 SF CEMENT BLK BLDG. OWNER OCCUPIED. POSSIBLE LEASE BACK or with the very profitable business KNOWN AS THE BEVERAGE KING FT RD FRONTAGE ON 3 SIDES NOT AVAIL- ABLE SEPARATELY, AS PACKAGE ONLY.
5 9 INTERCHANGE DR
6 9 & 11 INTERCHANGE DR View from Rt. 12a Airport Rd View from Rt. 12a Interchange Dr.
7 9 INTERCHANGE DR View from subject to Rt. 12a Airport Rd View from subject onto cross street View from subject to Rt. 12a Airport Rd View to subject from McD, Interchange Dr.
8 11 INTERCHANGE DR 9 INTERCHANGE 8/10TH AC, 3768 SF 8640 SF on 1 ac in W. Lebanon regional retail district just off Rt. 12a. 2 access roads with traffic signal. Estimated NOI $68, % cap rate with lease bumps and strong demand. Some visibility to Rt. 12a (14,000 vpd) with shared pylon sign. across the street from Macdonald's entrance. Metal and masonry bldg. Separate utilities. town w/ s. set up as 4 units sf leased with options. balance vacant and short term lease. Expandable. 30% coverage allowed. Great re-development potential and investment value. Available separately at $680,000 or package with 9 Interchange Dr.
9 11 INTERCHANGE DR
10 Abbey's Closet vacant TNT propety management * Annual Rent Rt 12 a Intersection 4400 Montly rent America's Mattress Tenant Rentable Sq Ft vct $ /1/17 4/1/16 $13.86 $5.95 3/1/14 Start Date $9.68 Rent/SF 8/31/2017 3/31/2019 2/28/2019 End Date 11 INTERCHANGE DR. LEBANON NH $365 Heat/elec m/m per owner heat/elec Heat/elec active rents back part of vct unit, util on prorata basis, owner states on m/m basis unit on market to be combined with back util on prorata basis Comments Recent extensive fit Heat/elec up. Owns furniture store across st. Tenant Exp vct active Status 1-5 $5600/m Options
11 11 INTERCHANGE DR
12 Water/sewer/topo /dimensions FEMA FLOOD ZONE 500 YR
13 Return to Table of Contents SECTION 305 GENERAL COMMERCIAL DISTRICT (GC) Purpose. The purpose of the GC District is to provide ample land with good highway access for the location of commercial development serving the regional and local markets Table of Uses. GC DISTRICT PERMITTED USES SPECIAL EXCEPTION 1. Retail store 1. Warehouse 2. Personal service 2. Wholesale sales 3. Financial Institution 3. Trucking terminal 4. Restaurant, sandwich shop 4. Contractor s yard 5. Drive-in restaurant, 5. Plumbing, electrical or refreshment stand carpentry shop 6. Office 6. Craftsman s shop 7. Motel, hotel 7. Indoor/outdoor 8. Movie theater recreational facility 9. Funeral establishment 8. Essential Service 10. Commercial PUD per Section Care and treatment of 11. Membership club animals 12. Amusements (indoor) 10. Produce stand 13. Vehicular sales 11. Bus terminal 14. Vehicular repair 12. Educational Facility, 15. Service station College/University 16. Publishing/printing 13. Accessory use to a use 17. Radio or TV studio permitted by special exception 18. Group day care facility 14. Alternative Treatment Center 19. Local government use per Section Drive-through facility 15. Alternative Treatment Center 21. Laundromat (Cultivation Location Only) 22. Drycleaning pick-up station per Section Church 24. Multi-family Dwelling (See Section 305.5) 25. Accessory use to permitted use 26. Community Center 27. Dwelling unit(s) above first floor 28. Renewable energy system per Section 612 Zoning Ordinance of the City of Lebanon, NH Last Amended April 19, 2017 Page 31 of 169
14 Return to Table of Contents Table of Area, Dimension and Coverage. GC DISTRICT Area 50,000 square feet Minimum Lot Requirements Frontage Front Yard Side Yard Rear Yard Maximum Limitations Building Coverage % Height 45 See Section Special Height Restriction. On parcels adjacent to residential districts the height limitation of the adjacent residential district shall apply; but, on such parcels, building height may be increased above the residential limitation by one (1) foot for each two (2) feet that the building is set back from the required set back line(s) on sides of the lot adjacent to the residential district. However, in no case shall the height exceed 45 feet Dwelling Unit Density. Density determinations for multi-family dwellings and mixed use buildings shall be made by the Planning Board during the course of site review based on site specific conditions and factors such as the availability of parking and/or the ability to provide required parking, the availability of adequate water and sewer, and the ability to provide required site improvements and to meet all other requirements of the Site Plan Review Regulations and all other applicable City regulations. Zoning Ordinance of the City of Lebanon, NH Last Amended April 19, 2017 Page 32 of 169
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