For Sale
$1,636,000

501 Main St Walpole, NH 03608

Walpole, NH Retail Property - 10-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Walpole, New Hampshire. Built in 2019, this property boasts upgraded construction featuring brick and HardiePlank siding. Situated on Main Street, a prime retail thoroughfare, it benefits from high visibility and proximity to other national retailers including Walgreens, Shaw's, Tractor Supply, and Dunkin'. The property sits on a 1.87-acre lot and enjoys a strong 100% occupancy rate with a corporate-guaranteed, absolute NNN lease extending until October 31, 2034 (10 years remaining). The property's Net Operating Income (NOI) is $108,000, yielding a 6.60% cap rate. The asking price is $1,636,000. Its location offers convenient access to both Mount Snow and Okemo ski resorts, less than an hour away. The property is also conveniently located near the newly constructed residences at Abenaki Springs. This is a credit-rated, single-tenant investment ideal for a 1031 exchange. The property's strong tenant, Dollar General (NYSE: DG), holds an investment-grade S&P rating of "BBB-".

Property Details for 501 Main St

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2019
Lot Size (sq. ft)
81,457 SF

Location Insight

City
Walpole
County
Cheshire
State
New Hampshire
Latitude
43.110396166917
Longitude
-72.42786635054

FAQs

What type of property is this?
Retail property - Walpole, NH Retail Property - 10-Year Lease
Where is the retail property located?
The property is located at 501 Main St Walpole, NH.
What is the asking price?
The asking price for this property is $1,636,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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501 Main St
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