Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Nashua Whole Foods Fetches $22.5M on Strength of Durable Income Stream
Atlantic Capital Partners closed the $22.5-million sale of 272 Daniel Webster Hwy., a single-tenant asset occupied by Whole Foods Market in Nashua, NH. The transaction was led by head of capital markets Justin Smith, EVP Chris Peterson, senior associate Danielle Turpin and associate Matt Ericson. Atlantic Capital Partners represented the seller. The buyer was not disclosed.
The 44,538-square-foot property is situated on a 3.08-acre parcel within Webster Square, a prominent shopping center positioned along Daniel Webster Highway. Fully leased to Whole Foods, the property offers stable, long-term cash flow backed by an investment-grade, credit tenant, according to Atlantic Capital.
Turpin said, “Investors continue to gravitate toward assets that provide certainty of cash flow, and this property offered exactly that. The combination of a long-term Whole Foods lease, Amazon guaranty and scheduled rental growth created a rare opportunity to acquire a truly institutional-quality asset with durable income for years to come.”
- ◦Sale/Acquisition
