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Service Credit Union 5 Sargents Pl 2,300 SF 100% Leased Retail Building Gilford, NH 03249 $3,279,145 ($1,425.72/SF) 5.50% Cap Rate

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Investment Highlights

New Construction
Dynamic Tenant
Outstanding Location

Attractive Rent Increases
Zero Management Responsibilities
Lakes Region

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Service Credit Union located at 5 Sargent Place in Gilford, New Hampshire (the “Property”). The new construction building contains 2,300 square feet and has a dedicated drive through lane on a 0.57-acre parcel. Service Credit Union has 13+ years remaining on their Absolute NNN Lease with one (1) five-year renewal option. The Lease calls for attractive 3% annual rent increases throughout the base term and renewal option period.
The Property is well located along Lakeshore Road (US Route 3), the area’s primary commercial and commuter corridor. The new construction Property offers good visibility and frontage and is positioned in the heart of the area’s commercial district, and is seconds from Walmart Supercenter, Shaw’s, Hannaford, and Lowe’s, all of which drive traffic to the area. The Property is 0.7-miles from Paugus Bay and 3-miles from Sanders Bay, both on the western shore of Lake Winnipesaukee, one of New England’s most popular tourist destinations and the gateway to New Hampshire’s Lakes region

Property Facts

Sale Type

Investment

Property Type

Retail

Building Size

2,300 SF

Building Class

Year Built

2024

Price

$3,279,145

Price Per SF

$1,425.72

Cap Rate

5.50%

NOI

$180,353

Percent Leased

100%

Building Height

1 Story

Building FAR

0.09

Lot Size

0.59 AC

Zoning

Major Tenants

Finance and Insurance
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Welcome to Service Credit Union. They are committed to personalized service that goes above and beyond what you’ll find at any other financial institution. They know that every member has different financial needs, and they are ready to provide the unique services and resources you need to reach your goals. They combine the warmth and attention of a credit union with the security of a big bank—and they’re committed to always looking out for you. By establishing strong relationships in the communities they serve and supporting their members’ individual needs, they provide a banking experience that improves their members’ lives, as well as the communities in which they live.