WALGREENS – NORTH CONWAY, NH

North Conway, NH

Price $6,000,000
Cap Rate 6.75%
TYPE Single-Tenant
STATUS Available
Tenant Walgreens
LEASE TYPE Absolute NNN
SQUARE FEET 13,666
YEAR BUILT 2008
LEASE EXP. 09/30/2033
CONTACT Justin Carlson
480-214-5089
[email protected]

Property Description

Walgreens has Over 9 years remaining on initial 25-year Absolute NNN FLAT lease through September 30, 2033 with fifty 1-year renewal option. The Tenant, Walgreens (NASDAQ: WBA; S&P Credit Rating BBB-; Moody’s Rating Ba2) operates nearly 9,000 retail locations across the U.S. and Puerto Rico – serving nearly 9 million customers & patients daily. It is Situated on a large ±1.935- acre lot with great visibility/access on White Mountain Hwy (main north/south thoroughfare) with traffic counts of 44,346 CPD! The Asset is Nearby retailers in North Conway include Walmart, Lowe’s, Home Depot, Michaels, REI, L.L. Bean, T.J. Maxx, Staples, PetSmart, Petco, Hannaford, Shaw’s, Dollar Tree; less than 1/2 mile from Settlers Green Outlet Village – a 500,000 SF, courtyard-inspired outlet shopping center with 60 national tenants such as Banana Republic, Polo Ralph Lauren, J. Crew, Talbots, GAP, Levi’s, Under Armour, New Balance, Timberland, American Eagle Outfitters, Coach, Adidas, Ann Taylor, Columbia, Eddie Bauer, Coach, Kate Spade, Michael Kors; Dining options include Starbucks, Burger King, Taco Bell, McDonald’s, DQ Grill & Chill, Applebee’s, Five Guys, and Domino’s Pizza. North Conway has 2 public schools within the 3-mile vicinity with total enrollment of 885 students; 3.5 miles from Memorial Hospital – a not-for-profit, 25 bed, critical access hospital with services include a 24-hour emergency department, surgery center, wellness programs, imaging services, family birthing center, chemotherapy, and oncology.

Brian Brockman

Bang Realty-New England, Inc.

LIC # 75993

Property Highlights

  • Over 9 years remaining on initial 25-year Absolute NNN FLAT lease through September 30, 2033 with fifty 1-year renewal option.
  • Situated on a large ±1.935- acre lot with great visibility/access on White Mountain Hwy (main north/south thoroughfare) with traffic counts of 44,346 CPD!
  • In addition to year-round tourism, Settlers Green Outlets have a draw of 2.4 million shoppers annually, providing an economic draw from several surrounding communities.
  • Walgreens (NASDAQ: WBA; S&P Credit Rating BBB-; Moody’s Rating Ba2) operates nearly 9,000 retail locations across the U.S. and Puerto Rico - serving nearly 9 million customers & patients daily
  • From a traffic standpoint, this site ranks in the top 22% of Walgreens locations in New Hampshire and the top 32% nationally. Moreover, it outperforms the CVS across the street, which received 278,000 visits in the past year, making it the number one Walgreens within a 30-mile radius.
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 9,322 | Average Household Income (1-MI): $98,619