Matthews Logo

Navigation Menu

30 WARWICK RD, WINCHESTER, NH, 03470

Kulick’s Plaza
$4,169,000

Key Information

Cap Rate
7.75%
$ per SF
$98
Tot. SF
42,494
$ per unit
$347,417
Units
9
Year Built
1972
Term Remaining
± 3.6 YRS
Type
Retail
Occupancy
85.88%
NOI
$323,000

Highlights

  • Attractive Pricing: Offered at approximately $98 per square foot, the property is priced significantly below today’s replacement cost, providing investors with a strong basis and immediate value relative to current construction and development costs.
  • Established, Long-Term Tenancy: The center benefits from long-standing tenants with established operating histories, demonstrating tenant stability and consistent use of the property as a key retail destination for the surrounding community. Aubuchon with 40+ years of Operation.
  • Grocery-Anchored Shopping Center: Kulick’s Plaza is anchored by a grocery store, Kulick’s Supermarket, driving regular daily traffic and positioning the center as an essential retail hub for local residents. 60+ Years of Operation
  • Dominant Retail Center: Primary grocery store serving Winchester and surrounding rural communities, with the nearest major supermarkets located in nearby regional hubs such as Keene and Brattleboro.
  • Growing Regional Population Trends: The Winchester area and surrounding communities have experienced steady population growth in recent years, supporting long-term demand for neighborhood retail and service-oriented tenants.
  • Diverse Tenant Mix: The property features a balanced mix of national, regional, and local tenants, creating diversification of income while serving a broad range of daily retail needs for the surrounding population.
  • Value-Add Opportunity: Approximately 15% of the center is currently vacant, presenting a clear value-add opportunity for investors to increase occupancy, and additional Auto / Garage / Industrial Space not included in Total Occupancy leaving room to add value.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 075994, 075993 (NH)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203