This exceptional investment opportunity presents a well-established CVS Pharmacy located at 177 Mammoth Road, Londonderry, NH 03053. The property boasts a 9,953 square foot building situated on a 3.11-acre lot. The investment features an absolute triple-net (NNN) lease with a corporate guarantee from CVS, eliminating all landlord responsibilities. With over 18 years remaining on the initial 25-year lease term, and five additional 5-year renewal options, each with a 5% rent increase, this offering provides exceptional long-term stability and predictable cash flow. The property benefits from its strategic location along heavily trafficked Mammoth Road, providing excellent visibility and accessibility. Its proximity to Interstate 93 further enhances its appeal. The surrounding area is characterized by a strong concentration of national and regional retailers, including Bank of America, Dunkin' Donuts, USPS, Taco Bell, Verizon, Staples, The Home Depot, Starbucks, Shaw's, and 99 Restaurants, indicating a thriving commercial environment. Londonderry, NH, is a rapidly growing community located between Manchester and Derry, offering a desirable demographic profile with an average household income of $145,298 within a one-mile radius. This CVS location is also conveniently adjacent to Londonderry Medical Park II and Crossroads Mall, further solidifying its position within a high-traffic commercial corridor. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a blue-chip tenant in a prime location. The asking price is $4,800,000.
Highlights
Prime Londonderry, NH CVS location with an absolute NNN lease.
Over 18 years remaining on a 25-year lease with renewal options.
Strategically located on Mammoth Road near I-93, surrounded by strong national tenants.
Retail property - NNN Lease CVS, strong location, high income area.
Where is the retail property located?
The property is located at 177 Mammoth Road Londonderry, NH.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Prime Londonderry, NH CVS location with an absolute NNN lease.; Over 18 years remaining on a 25-year lease with renewal options.; Strategically located on Mammoth Road near I-93, surrounded by strong national tenants.
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177 Mammoth Road Londonderry, NH 03053
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