For Sale
$6,645,162

4 Sanborn Rd Tilton, NH 03276

High-Yield Pharmacy, I-93 Proximity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 14,550-square-foot Walgreens pharmacy located at 4 Sanborn Rd, Tilton, NH 03276. Boasting a prime retail location just 500 feet from Interstate 93, this property benefits from significant daily traffic volume exceeding 33,000 vehicles on Route 3 and Sanborn Road. The property sits on a 1.97-acre lot and was constructed in 2008. The building is currently 100% occupied under a 25-year absolute NNN lease, with a remaining term of approximately 8.6 years, expiring June 29, 2033. The lease commenced June 30, 2008. The property generates a strong net operating income (NOI) of $515,000, resulting in an attractive 7.75% capitalization rate. This location is surrounded by a robust mix of national retailers, including Home Depot, Lowe's, Walmart, Tangier Outlets, Dunkin', Taco Bell, McDonald's, and Market Basket, ensuring high visibility and consistent customer traffic. The asking price for this exceptional retail investment is $6,645,162. This is a rare opportunity to acquire a high-performing, long-term leased asset in a thriving retail corridor. The property's strong tenant, excellent location, and substantial remaining lease term make it an ideal addition to any investment portfolio.

Highlights

  • 14,550 SF Walgreens pharmacy on a 1.97-acre lot at 4 Sanborn Rd, Tilton, NH.
  • Prime retail location, 500 feet from I-93, with over 33,000 vehicles daily.
  • Built in 2008, 100% occupied under a 25-year absolute NNN lease with ~8.6 years remaining (expiring 6/29/2033).
  • Strong NOI of $515,000 and a 7.75% cap rate.
  • Asking price: $6,645,162.

Property Details for 4 Sanborn Rd

Property type
Retail properties, Drug stores
Square Feet
14,550 SF
Year Built
2008
Lot Size (sq. ft)
85,813 SF

Location Insight

City
Tilton
County
Belknap
State
New Hampshire
Latitude
43.456802
Longitude
-71.5661361

FAQs

What type of property is this?
Retail property - High-Yield Pharmacy, I-93 Proximity
Where is the retail property located?
The property is located at 4 Sanborn Rd Tilton, NH.
What is the asking price?
The asking price for this property is $6,645,162.
What are key features of this property?
This property features: 14,550 SF Walgreens pharmacy on a 1.97-acre lot at 4 Sanborn Rd, Tilton, NH.; Prime retail location, 500 feet from I-93, with over 33,000 vehicles daily.; Built in 2008, 100% occupied under a 25-year absolute NNN lease with ~8.6 years remaining (expiring 6/29/2033).
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4 Sanborn Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message