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6% Rental Incrs in 2028 | Replaceable Rent 4-8 Hall St 12,900 SF Retail Building Concord, NH 03301 $3,836,800 ($297.43/SF) 6% Cap Rate
Investment Highlights
- 6% increase in May 2028 and CVS is responsible for property maintenance and expenses.
- According to Placer.aI, this location ranks in the top 5% of CVS stores nationwide with over 522,000 annual customer visits.
- Situated on a 2.27-acre site, the property provides ample parking, excellent visibility, and future redevelopment flexibility.
- At lease expiration, CVS will be paying $19.08 per square foot in rent, which is replaceable to market levels, offering a buyer limited downside risk.
- Immediate access to the I-93 on/off ramps with 77,000 VPD.
- CVS has been operating at this location for over 17 years.
Executive Summary
We are pleased to offer for sale the CVS property located at 4 Hall Street, Concord, NH 03301 (the “Property”). The Property has a ground lease with CVS first option to cancel the lease on January 31, 2034. There is a 6% rent increase in May 2028, and CVS is responsible for property maintenance and expenses.
CVS has been operating at this location for over 17 years, and its $17.85/SF rent is replaceable relative to market levels, supporting a buyer’s downside protection. Customer traffic is strong, with Placer.aI reporting 522,000 annual visits, placing this store in the top 5% nationwide for CVS locations.
The Property sits on an oversized ±2.27-acre lot directly at the I-93 on/off ramps, with exposure to ±77,000 vehicles per day.
Retail fundamentals in the immediate area remain strong, with a 2.1% vacancy rate within two miles, roughly 2% below the national average. The Capitol Shopping Center, located less than a mile away, experienced recent renovations to it's location which has brought on new tenants such as Boot Barn, Five Below, and Ulta Beauty.
The Property is also less than one mile from the Railyard Apartments, a new four-building, 199-unit apartment complex adding steady nearby demand.
CVS has been operating at this location for over 17 years, and its $17.85/SF rent is replaceable relative to market levels, supporting a buyer’s downside protection. Customer traffic is strong, with Placer.aI reporting 522,000 annual visits, placing this store in the top 5% nationwide for CVS locations.
The Property sits on an oversized ±2.27-acre lot directly at the I-93 on/off ramps, with exposure to ±77,000 vehicles per day.
Retail fundamentals in the immediate area remain strong, with a 2.1% vacancy rate within two miles, roughly 2% below the national average. The Capitol Shopping Center, located less than a mile away, experienced recent renovations to it's location which has brought on new tenants such as Boot Barn, Five Below, and Ulta Beauty.
The Property is also less than one mile from the Railyard Apartments, a new four-building, 199-unit apartment complex adding steady nearby demand.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2008
Price
$3,836,800
Price Per SF
$297.43
Cap Rate
6%
NOI
$230,208
Tenancy
Single
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.13
Lot Size
2.27 AC
Zoning
GWP
Parking
75 Spaces (5.81 Spaces per 1,000 SF Leased)
Frontage
191’ on Hall St
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | CNCD-000026-000001-000011 | Improvements Assessment | $1,233,500 |
| Land Assessment | $1,563,600 | Total Assessment | $2,797,100 |
Property Taxes
Parcel Number
CNCD-000026-000001-000011
Land Assessment
$1,563,600
Improvements Assessment
$1,233,500
Total Assessment
$2,797,100
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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6% Rental Incrs in 2028 | Replaceable Rent | 4-8 Hall St
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