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20701377
20701378

142 Loudon Rd, Concord, NH 03301

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$6,000,000
569 days on market
Updated 15 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 11,280
Cap Rate 8.5%
NOI $510,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 08/31/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options (10) - Five Year Options
Price per SqFt $532
Year Built 2008
Buildings 1
Acreage 1.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/04/2008

ABSOLUTE NET LEASE | RARE 5% INCREASES IN BASE TERM & OPTIONS

Investment highlights

  • Absolute Net Lease | Zero Landlord Responsibilities

  • 8+ Years Remaining On The Original 25-Year Term

  • RARE Walgreens Lease With 5% Increases Every 10 Years

  • Prototypical Free-Standing Walgreens with Drive-Thru

  • Corporate Guarantee | Walgreens | (S&P: "BBB-")

  • Hard Corner Signalized Intersection I High Volume Traffic Location | Combined Traffic Counts Boast 38,556 VPD+

  • Multiple Access Points I Accessible From Loudon Rd and Canterbury Rd | High Visibility Along Main Retail Corridor

  • Population within a 5-Mile Radius Exceeds 44,000

  • 5-Mile Average Household Income is $90,000

  • 3.5 Miles To Concord Hospital I 295-Bed Facility

  • National Tenants Surrounding the Immediate Area Include CVS, Burger King, Advance Auto Parts, Longhorn Steakhouse, Goodwill, Olive Garden, Steeplegate Mall, and Many More

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
NY
MI 6501447447
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$510,000.00
$42,500.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Brian Brockman
License
Bang Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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