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