### Single-Tenant Restaurants Sold in Off-Market Transaction in Manchester, NH
Hanley Investment Group Real Estate Advisors has facilitated the purchase of two newly constructed, freestanding single-tenant properties occupied by a Taco Bell Drive-Thru and an Aroma Joe’s Drive-Thru in Manchester, NH. The transaction, an off-market deal, was completed for a total of $1.81 million under absolute triple-net ground leases.
Jeff Lefko and Bill Asher, Executive Vice Presidents at Hanley Investment Group, represented the Florida-based private buyer in association with ParaSell, Inc. The seller was a private investor from Burlington, Massachusetts.
“We exclusively represented an all-cash private buyer from Florida, who was not in a 1031 exchange, and sourced a property with two new construction single-tenant drive-thrus through an existing client relationship,” said Lefko. “The buyer was attracted to the property’s prime retail location, its proximity to schools and colleges, strong demographics, and the tenants’ long-term leases with scheduled rent increases.”
Both restaurant properties, built in 2023, span a combined total of 3,450 square feet. Taco Bell Drive-Thru is located at 525 Hooksett Rd., while Aroma Joe’s Drive-Thru is at 527 Hooksett Rd. in Manchester, NH.
