178 County RdNew London, NH 03257

Property Details for 178 County Rd

Year built

2000

Construction

FRAME

Lot size

0.84 AC

Property size (Sq ft)

5,740 SF

Zone code

COMMER

Property type

Showrooms

APN

NLDN M:59 L:14 S:0

APU

NLDNM59L14S0

Description

This exceptional investment opportunity presents a fee-simple ownership of a 5,600-square-foot, two-story bank building situated on a 0.92-acre lot in New London, New Hampshire. Built in 1965 and renovated in 2015, the property boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease in place. The current tenant, a well-established community bank, has occupied the location for over 23 years and is committed to a new 15-year lease with ten 5-year renewal options. This lease structure includes attractive 10% rent increases every five years, providing a strong hedge against inflation and significant long-term revenue growth. The property generates a substantial net operating income (NOI) of $140,000, resulting in a compelling 6.75% cap rate. The strategic location at the intersection of Newport Road and County Road places the property within a thriving commercial center, benefiting from high visibility and significant daily traffic counts exceeding 9,300 vehicles. Proximity to major amenities, including New London Hospital (0.2 miles), Colby-Sawyer College (1.5 miles), and Interstate 89 (2 miles), further enhances the property's value and appeal. The surrounding area features a robust retail environment, anchored by well-known national and regional brands, and a strong demographic profile with high average household incomes within a 10-mile radius. This is a truly passive investment opportunity with zero landlord responsibilities, offering exceptional stability and potential for significant returns. The asking price is $2,074,074.

• CAP approach

  CAP return

  Valuation

  6%

  $1,538,793

  6.5%

  $1,420,424

  7%

  $1,318,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,892,515

  Geo Method

  $1,889,971

• Alternative Use

  Use

  Valuation

  Residential

  $1,198,181

  Hospitality

  $1,097,528

  Educational

  $913,130

  Medical

  $944,534

  Retail

  $1,420,424

Location Insight

City

New London

County

Merrimack

State

New Hampshire

Latitude

43.4233

Longitude

-72.0002

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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