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31130910
31130911

2709 White Mountain Hwy, Conway, NH 03860

BH
CT 756500, MA 133395
Horvath & Tremblay
JM
MA 9587470
Horvath & Tremblay
AH
MA 9​5​2​5​0​6​2
Horvath & Tremblay
Listed by Horvath & Tremblay
$2,685,714
81 days on market
Updated 81 days ago

Sun & Ski Sports

Details
Property Type Retail
Sub Type Storefront
Square Footage 13,000
Cap Rate 7%
NOI $188,000
Occupancy 100%
Tenancy Single
Brand/Tenant Sun & Ski Sports
Lease Type NN
Lease Expiration 03/31/2028
Remaining Term 1.8
Lease Options 3, 5- Year Options
Year Built 2005
Buildings 1
Stories 2
Acreage 0.850
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2010
Ownership Fee Simple

Retail | 7.00% CAP | 13,000 SqFt

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Sun & Ski Sports investment property located at 2709 White Mountain Highway and 28 Mechanic Street in North Conway, New Hampshire (the “Property”). Sun & Ski Sports has been at this location since 2010 and has extended their lease term twice, demonstrating their commitment to the site and the market. Sun & Ski Sports has 2+ years remaining on their lease with three (3), 5-year renewal options. The lease features an attractive rent increase at the start of the first renewal option with the rent for the second two renewal options to be determined.

The Property is situated in the center of North Conway and enjoys one of the best locations in North Conway to capture passing motorists on the heavily travelled US Route 302/NH Route 16 commercial corridor (White Mountain Highway) which includes most of the area’s retail, dining, lodging and entertainment options. The Property is located at the intersection of White Mountain Highway and Mechanic Street and enjoys outstanding visibility, access and signage. Sun & Ski Sports is surrounded by restaurants and retailers, is less than one mile from Maine Health Memorial Hospital, Eastern Slope Inn Resort, Cranmore Mountain Resort, and Cranmore Mountain (ski area), and is 2.5 miles from Settler’s Green, a popular 75-store, 500,000 square foot shopping center, all of which drives traffic to the area.

Investment highlights

THE ASSET: The Property consists of two parcels of land, 2709 White Mountain Highway is a 0.44-acre parcel improved by a 13,000 square foot, two-story building with parking. 28 Mechanic Street, located across the street, is a 0.41-acre property that is paved and striped for additional parking, which is in short supply in the center of North Conway.

LEASE TERM: Sun & Ski Sports has been at this location since 2010 and has extended their lease term twice, demonstrating their commitment to the site and the market. Sun & Ski Sports has 2+ years remaining on their lease with three (3), 5-year renewal options.

ATTRACTIVE RENT INCREASE: Sun & Ski Sports’ lease calls for an attractive rent increase at the start of the first renewal option, providing the investor with an attractive increase in revenue and hedge against inflation.

DYNAMIC CORPORATE TENANT: Sun & Ski Sports is one of the nation’s premier outdoor retailers with 33 stores across thirteen (13) states, as well as a significant online presence at sunandski.com. Since 1980, Sun & Ski Sports has been inspiring adventure. Sun & Ski Sports is a specialty outdoor retailer with competitively priced brands ready to perform for any journey. Sun & Ski Sports’ trademark experience has placed them among the top of specialty outdoor retailers in America.

PRIME RETAIL LOCATION: The Property occupies a premier, high-exposure location in the heart of North Conway along the heavily trafficked U.S. Route 302/ NH Route 16 corridor (White Mountain Highway), the region’s dominant retail and tourism thoroughfare. Positioned at the intersection of White Mountain Highway and Mechanic Street, the site benefits from exceptional visibility, multiple points of access, and prominent signage, allowing it to capture significant year-round vehicular traffic. This corridor serves as the epicenter of North Conway’s retail, dining, lodging, and entertainment activity, making it one of the most sought-after commercial locations in the White Mountains.

Sun & Ski Sports is surrounded by established national and local retailers and restaurants and is located within one mile of Memorial Hospital, Eastern Slope Inn Resort, Cranmore Mountain Resort, and Cranmore Mountain Ski Area—key hospitality and recreational demand drivers in the market. The Property is also approximately 2.5 miles from Settlers Green, a 500,000-square-foot outlet center featuring approximately 75 stores and drawing substantial regional and tourist traffic. Supported by strong tourism fundamentals and a concentration of complementary commercial uses, the Property is well positioned to benefit from consistent seasonal and year-round visitation, reinforcing its long-term investment appeal.

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. Spring and summer months are perfect for hiking, mountain biking, water activities and scenic drives. 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 Settlers 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 15,100 vehicles pass the Property daily at the intersection of Mechanic Street and White Mountain Highway (US Route 302/NH Route 16).

DEMOGRAPHICS: Approximately 7,800 people live within 5-miles of the Property with an average household income of $107,749. More than 19,800 people live within 10-miles of the Property with an average household income of $111,752.

Listing Contacts

BH
CT 756500, MA 133395
Horvath & Tremblay
JM
MA 9587470
Horvath & Tremblay
AH
MA 9​5​2​5​0​6​2
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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Annual Cash Flow
$188,000.00
$15,666.67/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
ETHAN COLE
License
064406
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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