### Single-Tenant Restaurants Trade Off-Market 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, New Hampshire. The two properties, sold in an off-market transaction, had a combined sale price of $1.81 million under absolute triple-net ground leases.
Executive Vice Presidents Jeff Lefko and Bill Asher, in collaboration with ParaSell, Inc., represented the private buyer based in Florida. 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 drawn to the prime retail location, proximity to schools and colleges, strong demographics, and the tenants’ long-term leases with built-in increases.”
Built in 2023, the Taco Bell Drive-Thru, spanning 3,450 square feet, is located at 525 Hooksett Road, while Aroma Joe’s Drive-Thru is situated at 527 Hooksett Road in Manchester.
