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Frontera Tacos & Tequila

Tilton, New Hampshire

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The NNN Pro Group is pleased to present the exclusive listing for the Frontera Grill located at 18 Lowes Drive in Tilton, New Hampshire. The site consists of roughly 6,098 rentable square feet of building space. This Frontera Grill is subject to a 10-year Double Net (NN) Lease where the Landlord is Responsible for maintaining The Roof & Structure. Once the roof is replaced, the property becomes a triple-net (NNN) Lease where the tenant becomes responsible. The initial annual rent is $182,940 and the tenant reimburses an additional $15,374.65 for an amortized capital expense over the course of the primary lease. The rent is scheduled to increase by 10% Every Five Years. There are 2, 5-Year renewal options.

 6k SF Restaurant Building on High Visibility 3.3 Acre Pad
 Long-Term, Net-Lease With High Performing Mexican Restaurant Group
 Parking Lot & HVAC Recently Replaced and are Tenant’s Responsibility
 Brand New 10 Year Lease | Landlord Responsible for Maintaining Roof and Structure | Once They Are Replaced The Property Becomes a Triple-Net Lease and the Tenant is Responsible
 Attractive Rental Increases | 10% Every Five Years
 (2) Two (5) Five-Year Tenant Renewal Options

Key Details

Price:
$2,833,000
Cap Rate:
7.00%
Annual Rent:
$198,315
Address:
18 Lowes Drive, Tilton, New Hampshire 03276
Lease Type:
Double Net (NN) Lease

Original Lease Term:
10 Years
Lease Commencement:
May 22, 2023
Lease Expiration:
November 2033
Lease Term Remaining:
10 Years
Rental Increases:
10% Every Five Years
Lot Size:
3.32 Acres
Building Size:
6,098 SF
Year Built:
2005
Year Renovated:
2023
Tenant:
Frontera Tacos & Tequila

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Josh Kanter

License: 10401294056

Anthony D’Ambrosia

License: 10401294012

Kevin Burke

License: 10401370868

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: O75993


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