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571 Nashua St
Milford, NH 03055
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease
- Strong National Tenant
- Scheduled Rental Increases
- Attractive Rent and Building Size
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Walgreens located at 571 Nashua Street, Milford, NH 03055. The site consists of roughly 14,734 rentable square feet of building space on an estimated 2.09-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $296,400 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,734 SF
Building Class
C
Year Built
2008
Price
$4,742,400
Price Per SF
$321.87
Cap Rate
6.25%
NOI
$296,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.09 AC
Zoning
ICI
Frontage
280’ on Nashua St
PROPERTY TAXES
| Parcel Number | MFRD-000044-000013-000001 | Improvements Assessment | $2,218,700 |
| Land Assessment | $397,200 | Total Assessment | $2,615,900 |
PROPERTY TAXES
Parcel Number
MFRD-000044-000013-000001
Land Assessment
$397,200
Improvements Assessment
$2,218,700
Total Assessment
$2,615,900
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