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IPA Lists Merrimack Shopping Center for Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, is marketing the sale of Merrimack Village Center, an 82,292-square-foot neighborhood shopping center anchored by a Shaw’s supermarket in Merrimack, NH. The offering price is $17.6 million.
“Almost 80% of the square footage is occupied by three credit tenants: Shaw’s, a New Hampshire Liquor and Wine Outlet and McDonald’s,” said Jim Koury, IPA senior managing director. “Shaw’s is the only grocery store within a four-mile radius, the liquor store’s lease is backed by the State of New Hampshire and the McDonald’s is on a separate outparcel that can be sold off.”
Merrimack Village Center is directly off Interstate 293/Everett Turnpike, 40 miles from Boston between New Hampshire’s two largest cities, Manchester and Nashua. The cities are in the state’s most populous county, Hillsborough County.
Built in 2006 on more than 10 acres, the center is 99% occupied.
- ◦Sale/Acquisition
