1498 White Mountain HwyConway, NH 03860

  • Retail properties
  • 13,666 SF
For Sale
$5,548,000 View listing

Property Details for 1498 White Mountain Hwy

Year built
2008
Lot size
1.94 AC
Property size (Sq ft)
13,666 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 13,666 square foot Walgreens, situated on a 1.935-acre lot in Conway, New Hampshire. The property boasts a highly desirable Absolute NNN lease with Walgreens (NASDAQ: WBA), a credit-worthy tenant with a S&P credit rating of BBB- and a Moody's rating of Ba2. The lease, with a remaining term of over nine years, extends to September 30, 2033, and includes fifty one-year renewal options, ensuring long-term stability and predictable cash flow. The property generates a strong NOI of $405,000, resulting in a compelling 7.30% cap rate. Located on White Mountain Highway, a major north-south thoroughfare with a daily traffic count of 44,346 vehicles, this Walgreens benefits from exceptional visibility and accessibility. Its performance surpasses that of a nearby competitor, ranking in the top 22% of Walgreens locations in New Hampshire and the top 32% nationally based on traffic. The property's strategic location near Settlers Green Outlets, a major shopping destination attracting 2.4 million shoppers annually, further enhances its value. The surrounding area demonstrates strong demographics, with a total population of 9,322 within a five-mile radius and an average household income of $98,619 within one mile. Built in 2008, this single-story building is zoned C and represents a secure, high-performing investment with significant upside potential. The asking price is $5,548,000.

1498 White Mountain Hwy, Conway, New Hampshire

Location Insight

City
Conway
County
Carroll
State
New Hampshire
Latitude
44.0187
Longitude
-71.1164

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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 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 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].