Cap Rate: 5.50%
Net Operating Income: $379,398
Square Footage: 36,200
Lot Size: 12.8 AC
Year Renovated: 2018
Subject property is a 36,000 square foot LKQ Corporation industrial building located in Litchfield, New Hampshire. Litchfield is adjacent to Manchester, the most populous city in the state of New Hampshire. LKQ Corporation is a global leader in alternative replacement auto parts. The lease is corporately guaranteed. Rent increases 2.25% annually. The landlord is responsible for the roof (which has a new 20 year warranty), structure and parking lot.
Litchfield is a town in Hillsborough County, New Hampshire. The population was 8,271 at the 2010 census. Litchfield is adjacent to the city of Manchester.
Manchester is the most populous city in the state of New Hampshire and the largest city in northern New England, an area comprising the states of Maine, New Hampshire, and Vermont. As of the 2010 census, the city had a population of 109,565, and its estimated 2016 population was 110,506.