Vernco Belknap, LLC Acquires Belknap Mall In Belmont, NH For $7.85M

Belknap Mall, a 235,000-square foot Shaw’s-anchored shopping center located in Belmont, NH, has been sold for $7,850,000. The off-market retail sale was brokered by John McLaughlin of McLaughlin Investments. The center is situated along the Daniel Webster Highway (Rt.3) in the southern sector of the NH Lakes region, with convenient access to Lakes Winnisquam and Winnipesaukee, Gun Stock Ski Resort, Laconia Municipal Airport, marinas, and other New Hampshire landmarks.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $7,850,000
• Address: 96 Daniel Webster Hwy, Belmont, NH
• Market: Belmont, NH
• Square Footage: 235,000
• Price Per Square Foot: $33
• Buyer: Vernco Belknap, LLC
• Seller: Belmont Realty, LLC
• Buyer's Representative: John McLaughlin - McLaughlin Investments

George Vernet, representing Vernco Belknap, LLC, acquired Belknap Mall. The shopping center features Shaw’s supermarket as the anchor tenant, occupying 38,500 square feet of the center. Other national and regional tenants, including Job Lots, Planet Fitness, Clear Choice Medical Clinic, Joann Fabric, Verizon Cellular, Super Cuts, and Dunkin, also lease space within the mall. Vernet Properties, LLC, the buyer, plans to invest upwards of $3 million in capital expenditures and rebranding improvements to attract long-term tenants.