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WALGREENS - NORTH CONWAY, NH 1498 White Mountain Hwy

13,666 SF Retail Building North Conway, NH 03860 $5,548,000 ($406/SF) 7.30% Cap Rate

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Investment Highlights

Over 9 years remaining on initial 25-year Absolute NNN FLAT lease through September 30, 2033 with fifty 1-year renewal option.
Situated on a large ±1.935- acre lot with great visibility/access on White Mountain Hwy (main north/south thoroughfare)
Settlers Green Outlets have a draw of 2.4 million shoppers annually

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
From a traffic standpoint, this site ranks in the top 22% of Walgreens locations in New Hampshire and the top 32% nationally.
2023 DEMOGRAPHICS: Total Population (5-MI): 9,322 | Average Household Income (1-MI): $98,619

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,666 SF

Building Class

Year Built

2008

Price

$5,548,000

Price Per SF

$406

Cap Rate

7.30%

NOI

$405,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Land Acres

1.94 AC

Opportunity Zone

Yes

Zoning

Frontage

171 FT on White Mountain Hwy

Amenities

Dedicated Turn Lane

Signage

Drive Thru

MAJOR TENANTS

Retailer
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.