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929 Whittier Highway

$2,430,000

929 Whittier Highway, Moultonborough, NH 03254

Active
Last Updated: 12/20/2021

5.5

Cap Rate

133,654

NOI

Details:
Cap Rate:    5.5%
NOI:    $133,654
Building Size:    9,002 sqft
Occupancy:    100%
Price Per Sqft:    $269.94
Zoning:    commercial
Tenancy:    Single
Highlights:
  • ► 11-Years Remaining Absolute Net Lease | Zero Landlord Responsibility | Upgraded Construction
  • ► Strong Hedge Against Inflation | 10% Rental Increases in Options | 5, Five-Year Options Remaining
  • ► Rare Upgraded Construction | Strong Architectural Appeal
  • ► Nichiha (Prefinished Fiber Cement Panels) & Vinyl Siding, Metal Gabled Pitched Roof and Metal Awning for Increased Snow Load
  • ► Investment Grade Credit Tenant (S&P “BBB”) | Corporate Guaranteed
  • ► Essential Retailer | Dollar General has thrived during the pandemic and delivered their 31st consecutive year of same store sales growth in 2020
  • ► Located on the Main Thoroughfare of Moultonborough, Whittier Highway with Access and Visibility to over 11,500+ VPD
  • ► Only Dollar Store within a 10-Mile Radius
  • ► New Hampshire is an Income Tax Free State
Description:

Marcus & Millichap is pleased to present the offering for the Dollar General located at 929 Whittier Highway, Moultonborough, NH 03254. This subject property was build-to-suit in 2017 and currently has over eleven years remaining on an absolute net lease. The lease comes equipped with 10% rental increases at the beginning of options, and five, five-year renewal options. The tenant is solely responsible for the premises including the improvements, reimburses landlord for taxes, and pays CAM, and insurance directly.

The subject property is located off Whittier Highway with access and visibility to over 11,500+ vehicles per day. Subject property benefits from being located on the main thoroughfare of Moultonborough. Dollar General operates a chain of over 16,979 discount stores in 46 states, as of 10/30/2020 primarily in the Southern and Eastern US, the
Midwest, and the Southwest. The company offers basic household supplies including cleaning supplies, health and beauty aids, food and apparel. Most of the merchandise which is carried in the Dollar General stores is priced between $1 and $35. It generates about 75 of sales from consumables and another 10 percent from seasonal items.

Map:
Documents:
Title
DG_Moultonborough__NH_OM__1_.pdf
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Location
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