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1498 White Mountain Hwy Conway, NH 03818

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For Sale
$5,548,000

NNN leased Walgreens with over 9 years remaining.

Property size:
13,666 SF
Lot size:
1.90 Acres

Property Features for 1498 White Mountain Hwy

General Information

Size
13,666 SF
Lot size
1.90 Acres

Source: Commercial Investment Advisors (CIA) - Corporate Agent Justin Carlson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Walgreens NNN Lease Investment Opportunity

This property features a Walgreens location with over 9 years remaining on an initial 25-year Absolute NNN FLAT lease, set to expire on September 30, 2033, and includes fifty 1-year renewal options. The property is positioned on a large approximately 1.935-acre lot, offering significant visibility and access on White Mountain Hwy, a primary north-south thoroughfare, which sees traffic counts of 44,346 cars per day. The location benefits from year-round tourism and the Settlers Green Outlets, which attract 2.4 million shoppers annually, drawing economic activity from several surrounding communities. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, serving approximately 9 million customers and patients daily. From a traffic standpoint, this site ranks in the top 22% of Walgreens locations in New Hampshire and the top 32% nationally. Moreover, it outperforms the CVS across the street, which received 278,000 visits in the past year, making it the number one Walgreens within a 30-mile radius. The 2023 demographics within a 5-mile radius include a total population of 9,322, and the average household income within a 1-mile radius is $98,619. The property size is 13,666 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Realty agency Dental Office Hair Salon Storage Facility Kitchen & Bath Accounting Firm Veterinary Clinic Spa & Massage Barber Shop Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Walgreens Pharmacy, Walmart Pharmacy, CVS Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, Shaw's Pharmacy

Location Insight

  • Map
  • Local Demand
City
Conway
County
Carroll
State
New Hampshire
Longitude
-71.114512
Latitude
44.007892

FAQs

What type of property is this?
Drug store - NNN leased Walgreens with over 9 years remaining.
Where is this drug store located?
The property is located at 1498 White Mountain Hwy Conway, NH.
What is the asking price?
The asking price for this property is $5,548,000.
What are key features of this property?
This property features: - Absolute NNN FLAT lease with over 9 years remaining through September 30, 2033, plus fifty 1-year renewal options.; - High traffic location on White Mountain Hwy with **44,346 CPD**.; - Walgreens location ranks in the top 22% in New Hampshire and top 32% nationally.
More about this property
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