181 Silver St - Freestanding FOR SALE


Dover, NH 03820
$4,400,000 USD
781-776-4003
181 Silver St, Dover, NH for Sale
$4,400,000 USD
Freestanding - FOR SALE
1/4
null | 5% Cap Rate

181 Silver St
Dover, NH 03820


HIGHLIGHTS

  • Long Term Lease
  • Rare & Attractive Increases
  • Zero Landlord Responsibilities
  • Investment Grade Credit
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple condominium interest in a single-tenant CVS located at 181 Silver Street in Dover, New Hampshire (the “Property”). CVS has 17+ years remaining on their Absolute NNN Ground Lease with a five (5), 5-year renewal options. The CVS lease calls for rare and attractive rent increases throughout the primary lease term and at the start of each of their renewal options. The Property is situated within Silver Square, a five-unit mixed-use condominium development positioned at the intersection (rotary) of Silver Street (NH Route 9), Knox Marsh Road and the Spaulding Turnpike on ramp. The Property is adjacent to the Spaulding Turnpike, the area’s primary commuter highway and enjoys excellent signage and visibility along the heavily traveled roadway. CVS is 1-mile from Downtown Dover, with convenient access to residential communities, area schools, municipal offices, the area’s light industrial parks and the Wentworth-Douglass Hospital.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

-

APN/PARCEL ID

11002-000001

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.