MANCHESTER, N.H. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that it has arranged 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 sale price was $1.81 million for the two absolute triple-net ground leases in an off-market transaction.

Hanley Investment Group’s Executive Vice Presidents Jeff Lefko and Bill Asher, in association with ParaSell, Inc., represented the Florida-based private buyer. The seller was a private investor based in 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 property’s prime retail location, proximity to schools and colleges, strong demographics, and the tenants’ long-term leases with increases.”

Built in 2023, totaling 3,450 square feet, on 1.24 acres, Taco Bell Drive-Thru is located at 525 Hooksett Road and Aroma Joe’s is located at 527 Hooksett Road in Manchester. Hooksett Road (20,000 vehicles per day) is also known as U.S. Route 3, which is a significant route in the area. The property is conveniently located 1.5 miles away from Interstate 93, providing easy access to the highway. There are several high schools within 4.5 miles of the property, including Trinity High School, Manchester Memorial High School, Central High School, and Mount Zion Christian Schools (pre-K through 12th grade).

The two-tenant property is situated adjacent to the North End Shops at Livingston Park in Manchester. The North End Shops features strong tenants that draw a robust traffic flow, such as La Carreta Restaurante Mexicano, Orangetheory Fitness, Salon Centric, Cyr Kitchen & Bath, and Dollar Tree. Taco Bell and Aroma Joe’s is located only two miles from Southern New Hampshire University’s (SNHU) ever-expanding 300± acre campus, which boasts an onsite population of over 3,000 students and is situated just a 1/2 mile south of Exit 9 on Interstate 93 and two miles from downtown Manchester.

Taco Bell is a subsidiary of Yum! Brands, Inc. For more than 62 years, Taco Bell has brought innovative, craveable Mexican-inspired food to the masses, and was recently recognized as one of Fast Company’s World’s Most Innovative Companies, one of TIME’s Most Influential Companies, and Nation’s Restaurant News’ Brand Icon. In 2024, Taco Bell Division opened 347 new restaurants across 25 countries.

Aroma Joe’s, headquartered in Scarborough, Maine, has grown to over 100 stores since its founding in 2000 by a family of four cousins in East Rochester, New Hampshire. Franchising has been key to its expansion across Maine, New Hampshire, Massachusetts, Connecticut, Rhode Island, Pennsylvania, New York, and Florida.

“We are thrilled to have facilitated this acquisition for our client,” said Lefko. “The strategic location of these properties, combined with the high-quality tenants and long-term leases, makes this an excellent investment opportunity. The buyer recognized the potential for strong returns and the benefits of owning properties in a thriving retail corridor.”

About Hanley Investment Group

Celebrating 20 years, Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with an over $11.5 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients’ needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. For more information, visit www.hanleyinvestment.com.

Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Jeff Lefko, Executive Vice President
Email: Send Email
Phone: 949.585.7682
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/