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Classic Auction - Retail

Belknap Mall | Grocery Anchored Enclosed Shopping Center

96 Daniel Webster Highway, Belmont, NH 03220

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 22.00 Acres
  • Year Built
  • 1973
  • Year Renovated
  • 2004
  • Number of Floors
  • 1
  • Number of Buildings
  • 4
  • Parking Count
  • 949
  • Retail Type
  • Grocery Anchored Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Shaw's Supermarkets
  • Property Size
  • 214,523 Sq Ft

Belknap Mall | Grocery Anchored Enclosed Shopping Center

Belknap Mall – Belmont, NH
60% Occupied | Enclosed Shopping Center
Located in the Vibrant Lakes Region of NH

Investment Highlights:

•  Committed, Long-Term Grocery Anchor: Anchored by Shaw’s, a major regional grocer who recently extended its lease through December 2028, which draws consistent daily traffic to this highly profitable store with a strong health ratio

•  National Tenant Roster: Presently 60% leased to a 15-tenant roster of national retailers Shaw’s, Big Lots, Jo-Ann Fabric & Craft, and Planet Fitness - 87% credit tenancy and six years of weighted average lease term

•  Recent Renewal Activity: In addition to the Shaw’s extension, Dunkin’ Donuts recently extended through July 2023; Planet Fitness committed to the center with an eight-year extension through November 2026; Most recently, Big Lots just extended their lease through January 2025.

•  Multiple Avenues to Upside: Ability to drive substantial NOI growth by undertaking a programmatic lease-up of the asset’s available space, redeveloping/repositioning its enclosed interior and adding alternate uses

•  Prime Route 3 Location: Prominent location with highly visible signage at two signalized intersections along Route 3 (Daniel Webster Highway), the primary regional thoroughfare serving the communities south and west of Lake Winnipesaukee, which features an average daily traffic count of 17,700 vehicles

• Strong Local Demographics: Surrounded by three- and five-mile population counts of 17,300 and 27,600 residents, respectively, with corresponding average household incomes of $69,900 and $76,100

Offering Details:

Newmark Knight Frank and RealINSIGHT Marketplace are pleased to present for sale Belknap Mall, a 214,523 square foot regional mall that is anchored by Shaw’s and located in the Lakes Region community of Belmont, New Hampshire. The property features a host of fundamentally desirable investment characteristics, including a long-term grocery anchor, recent renewal activity, a strategic location along a major regional thoroughfare and high visibility with pylon signage at two signalized intersections. Additionally, Belknap Mall presents investors with attractive opportunities to drive significant NOI growth through near-term leasing upside and future redevelopment potential.

Belknap Mall comprises an enclosed retail center that is anchored by Shaw’s, Big Lots, Planet Fitness and three additional buildings that are occupied by such tenants as Jo-Ann Fabric & Craft, New Hampshire Liquor & Wine Outlet, Dunkin’ Donuts and Supercuts.

 

Property tours are being scheduled for March 5th & 6th. Please contact the Newmark Knight Frank team to schedule your tour of Belknap Mall. 

Newmark Knight Frank, New Hampshire Office License #68338

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: Internet Auctions Exempt from Licensing