1498 White Mountain Hwy - Drug Store FOR SALE


North Conway, NH 03860
$5,548,000 USD
1498 White Mountain Hwy, North Conway, NH for Sale
$5,548,000 USD
Drug Store - FOR SALE
1/8
null | 7.3% Cap Rate

1498 White Mountain Hwy
North Conway, NH 03860


HIGHLIGHTS

  • Over 9 years remaining on initial 25-year Absolute NNN FLAT lease through September 30, 2033 with fifty 1-year renewal option.
  • Walgreens (NASDAQ: WBA; S&P Credit Rating BBB-; Moody’s Rating Ba2) operates nearly 9,000 retail locations across the U.S. and Puerto Rico
  • Situated on a large ±1.935- acre lot with great visibility/access on White Mountain Hwy (main north/south thoroughfare)
  • From a traffic standpoint, this site ranks in the top 22% of Walgreens locations in New Hampshire and the top 32% nationally.
  • Settlers Green Outlets have a draw of 2.4 million shoppers annually
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 9,322 | Average Household Income (1-MI): $98,619

OVERVIEW

(Building & Land) Fee Simple

FOR SALE DETAILS

PRICE

$5,548,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WALGREENS - NORTH CONWAY, NH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Bank, Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

C

APN/PARCEL ID

CNWY-000246-000020-000002

ASK ABOUT THIS PROPERTY

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