West Lebanon, NH - Starbucks & Aspen Dental

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant
retail strip investment property located in West Lebanon, New Hampshire. The offering features a strong health and retail-based tenant lineup of Aspen Dental and Starbucks, who both have 2+ years remaining with additional options to extend, demonstrating long-term commitment to the site. The two leases feature scheduled rental increases throughout the initial term and options (see rent roll), growing NOI and hedging against inflation. The asset features a state-of-the-art design using the highest-quality materials available. Furthermore, Starbucks is equipped with an end-cap drive-thru lane, providing ease and convenience for customers.

The subject property is strategically located right off of Interstate 89, averaging over 42,600 vehicles passing by daily. The property is located on N Plainfield Rd, which is a major retail thoroughfare serving the city of West Lebanon. The asset is located within walking distance to Upper Valley Plaza, a 245,000+ square foot shopping center, featuring Kohl’s, Planet Fitness, PetSmart, and many more. In addition, the site is directly across from a 67,000+ square foot BJ’s Wholesale Club. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Home Depot, Target, Shaw’s, McDonald’s, Burger King, Wendy’s, Panera Bread, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 23,900 residents with an average household income of $114,949.