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31642950
31642951

510 US-202, Bennington, NH 03442

JS
CA 01969414
Schuchert Retail Group
JS
CA CA 01973172
Schuchert Retail Group
Listed by Schuchert Retail Group
$1,539,489
52 days on market
Updated 52 days ago

Dollar General - Bennington, NH

Details
APN 000016 000002 00000A
Property Type Retail
Sub Type Storefront
Square Footage 9,318
Cap Rate 7.25%
NOI $111,613
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options Four (4) - Five (5) Year
Price per SqFt $165
Year Built 2018
Acreage 2.580
Parking Spaces 30 spaces
Parking Per SqFt 3.22
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/18/2018
Ownership Fee Simple

7 Yrs Abs NNN - Strong Store Visits (Placer.ai)

Marketing description

Schuchert Retail Group is pleased to exclusively present for sale the 9,318 SF Dollar General located at 510 State Route 202, Bennington, NH 03442.

In Cooperation With: Brian Brockman - Broker (Bang Realty, Inc.)

NH License #075993

Investment highlights

DOLLAR GENERAL CORPORATE LEASE:

6.75 Years of Guaranteed Lease Term Remaining (Lease Exp: January 2033)

2018 Build to Suit Construction

9,318 SF Building on 2.58 Acre Parcel

Four (4) - Five (5) Year Option Periods with 10% Rental Increases

ABSOLUTE NNN LEASE:

Absolute NNN Lease with ZERO Management Responsibilities

Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes

STRONG STORE VISITS (PLACER.AI) - 186,100 ANNUAL VISITS:

Nationwide (2,709 out of 19,554 Stores) = Top 14%

Statewide (7 out of 45 Stores) = Top 14%

15-Mile Radius (3 out of 7 Stores) = Top 29%

UPGRADED CONSTRUCTION:

Nichiha Canyon Brick

Hardie-Plank Lap Siding

PROXIMITY FROM BENNINGTON:

Concord, NH | 31 Miles

Manchester, NH | 31 Miles

Nashua, NH | 32 Miles

Boston, MA | 77 Miles

Albany, NY | 125 Miles

Portland, ME | 119 Miles

TRADE AREA DEMOGRAPHICS:

5-Mile Population = 7,142 Residents

5-Mile Average Household Income = $121,039

10-Mile Population = 28,658 Residents

10-Mile Average Household Income = $127,535

15-Mile Population = 63,602 Residents

15-Mile Average Household Income = $137,618

Listing Contacts

JS
CA 01969414
Schuchert Retail Group
JS
CA CA 01973172
Schuchert Retail Group
Listed by Schuchert Retail Group

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,613.00
$9,301.08/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Brian Brockman
License
NH #075993
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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