1529 White Mountain Hwy, Conway, NH 03860

TENANTS: The Property is leased to The Hearing Aid Shop, which has been at this location since 2014 and has 3+ years remaining on their lease. Visiting Nurse Home Care has been at this location since 2012 and has 2+ years remaining on their lease with two (2), 2-year renewal options (either party, Landlord or tenant can choose not to exercise the options). Green Granite Inn has utilized this suite for several years and will execute a 1-year lease upon the close of escrow.

ATTRACTIVE RENT INCREASES: The Hearing Aid Shop’s lease calls for attractive annual rent increases. Visiting Nurse Home Care’s lease calls for annual increases of 4%, providing the investor with an attractive increase in revenue and hedge against inflation.

RECENT CAPITAL IMPROVEMENTS: The Property has been well maintained with the following capital improvements recently completed: exterior painting (2019), new roof (2022), replaced front windows in unit 3 (2023), replaced sidewalks and curbing at rear of the building (2023), replaced vestibule doors to units 1 & 2 (2024).

PRIME RETAIL LOCATION: The Property is situated along White Mountain Highway (US Route 302/NH Route 16), the area’s primary commercial and commuter corridor. The Property is adjacent to the entrance for Settler’s Green, a popular 75-store, 500,000 square foot shopping, and is surrounded by national retailers including Walmart Supercenter, Shaw’s, Market Basket and Hannaford, all of which drive traffic to the area. The immediate area is also home to national and local retailers and restaurants, lodging and entertainment options.

AREA DRIVERS: Aside from shopping, North Conway is known for a rich array of year-round recreation and activities for families, groups and couples on extended visits. North Conway is situated in a valley surrounded by mountain views including Mount Washington. The spring and summer months are perfect for hiking, mountain biking, water activities and scenic drives. The fall is an excellent time to see some of the world’s best foliage. In the winter, outdoor activities include skiing, ice climbing, snowshoeing and snowmobiling.

RETAIL TRADE AREA: Notable tenants drawing consumers to the trade area includes Settles Green (Outlet Mall), Walmart Supercenter, Hannaford Supermarket, Lowe’s Home Improvement, Home Depot, Shaw’s Supermarket, Market Basket, Michaels, CVS, Walgreens, LL Bean, TJ Maxx, Christmas Tree Shops, The Mountain Valley Cinemas, Tractor Supply, REI, Petco, PetSmart, Books a Million, Aspen Dental, 99 Restaurant, Applebee’s, Chipotle, McDonald’s, Burger King, Taco Bell, Five Guys, Starbucks, Aroma Joe’s, and Dunkin’.

TRAFFIC COUNTS: More than 18,700 vehicles pass the Property daily along White Mountain Highway (US Route 302/NH Route 16).

DEMOGRAPHICS: Approximately 9,600 people live within 5-miles of the Property with an average household income of $95,256. More than 20,500 people live within 10-miles of the Property with an average household income of $107,725.