5 Sargents Place, Gilford, NH 03249 For Sale

NEW CONSTRUCTION: Service Credit Union has 13+ years remaining on their Absolute NNN Lease with one (1), 5-year renewal option. The new construction building features a drive-through. ATTRACTIVE RENT INCREASES: The lease calls for attractive 3% annual increases through the current term and renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation.

DYNAMIC TENANT: Service Credit Union is a not-for-profit, member-owned financial cooperative with 50 branch locations in New Hampshire, Massachusetts, North Dakota and Germany.

ZERO MANAGEMENT RESPONSIBILITIES: Service Credit Union has an Absolute NNN Lease and is responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).

OUTSTANDING LOCATION: The new construction Service Credit Union is situated along Lakeshore Road (US Route 3), the area’s primary commercial and commuter corridor. The Property features outstanding frontage and visibility and enjoys convenient access to NH Routes 11, 106 and 107, and is 3-miles from Concord Hospital – Laconia, Bank of New Hampshire Pavilion, and several yacht clubs and marinas. The Property is positioned in the heart of Gilford’s commercial district and is seconds from the area’s grocers. Additionally, the Property is 3-miles from the western shore of Lake Winnipesaukee, one of New England’s most popular tourist destinations and the gateway to New Hampshire’s Lakes region.

LAKES REGION: The property is located in the heart of New Hampshire’s Lakes Region, one of New England’s most popular tourist destinations in the summer time, with the activity peaking during the annual Motorcycle Week and races at Loudon's New Hampshire Motor Speedway. In addition to Lake Winnipesaukee, other tourist destinations include Funspot in Weirs Beach, the Squam Lakes Natural Science Center in Holderness, the children's museum of Center Harbor, Gunstock ski resort and the Bank of New Hampshire Pavilion at Meadowbrook, a premier outdoor concert venue.

TRAFFIC COUNTS: Approximately 14,700 vehicles per day pass by the property along Lakeshore Road (US Route 3).

TRADE AREA: Additional businesses, attractions and retailers driving consumers to the immediate trade area include Walmart Supercenter, Lowe’s, Shaw’s, Hannaford, TJ Maxx, Home Goods, Michaels, Petco, Gilford Cinemas, CVS, ClearChoiceMD Urgent Care, TD Bank, Bank of New Hampshire, McDonald’s, Wendy’s, Taco Bell, Dunkin’, Aroma Joe’s, Domino’s, Papa Gino’s, and Irving Oil.

DEMOGRAPHICS: Over 16,500 people live within 3 miles of the Property with an average household income of $116,933. More than 52,200 people live within 10 miles of the Property with an average household income of $123,827. Additionally, the population in the area swells to more than double in the summer months as vacationers from the Greater Boston Area and throughout the northeast descend on the Lakes Region.