140 HENNIKER ST, Hillsborough, NH 03244

Building Details

Year Built 2024 More

Buildings 1 More

Listing Agency: District Real Estate Advisors

Listed By: Tim Bulman · License #MA 9539741 Show Phone

Source: Crexi

Added: Oct 28 Changed: Nov 8 Last Checked: Nov 8 at 4:18PM

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Investment Insights

Based on property information with market context.

Completed in 2024, this Dollar General store contains approximately 10,640 square feet on a roughly 9.27-acre parcel at 140 Henniker Street in Hillsborough. The lease is corporate-guaranteed and provides for 5% rent increases every five years. The property is presented as a net-leased asset.

Henniker Street records 6,600 ADT, while Route 202 carries 10,700 ADT. The property is about 6 miles from New England College and approximately 22 miles from Concord and 28 miles from Manchester. Pat’s Peak ski area is 7.5 miles south, and Lake Shore Village Resort is 11 miles away.

The nearby recreation and education destinations include Crotched Mountain and New England College. The resort offers year-round activities, while Crotched Mountain features ski terrain and an 18-hole public golf course.

Key Highlights

• 2024 construction with approximately 10,640 SF
• Approximately 9.27‑acre parcel
• Corporate‑guaranteed net lease with 5% rent increases every 5 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$182,902

Cap Rate

7.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,658,040 $3.7M

Cap Rate 7%

$2,612,886 $2.6M

Cap Rate 9%

$2,032,244 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,640 SF

Gross rent

$255.4K $24.00/SF

− Vacancy

−$11.5K −$1.08/SF

EGI

$243.9K $22.92/SF

− OpEx

−$61.0K −$5.73/SF

NOI

$182.9K $17.19/SF

Area

Hillsborough County, NH

Vacancy

4.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,658,040

Cap Rate 7%

$2,612,886

Cap Rate 9%

$2,032,244

Alternative Uses

Best Use

Specialty Retail

$2.61M

$2.29M – $3.05M (±1% cap)

NOI $182,902 @ 7.0% cap · market cap 7.14%

Second Best

Retail

$2.13M

$1.86M – $2.48M (±1% cap)

NOI $148,811 @ 7.0% cap · market cap 5.81%

Theoretical Best

Office A

$3.38M

$2.96M – $3.94M (±1% cap)

NOI $236,452 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick HVAC Service Building Supply (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6,600 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03244, NH

8,001

Population

3,667

Households

2.2

Avg Household Size

44

Median Age

25%

College-Educated

95%

High-School Grad

82.5 sq mi

ZIP Area

97

Density / Sq Mi

$93,886

Median Household Income

$51,022

Median Earnings

$1,112

Median Rent

$252,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The Dollar General property has a corporate-guaranteed net lease with scheduled rent increases.

Where is this grocery and convenience store located?

The property is located at 140 HENNIKER ST Hillsborough, NH.

What is the asking price?

The asking price for this property is $2,560,545.

What are key features of this property?

This property features: 2024 construction with approximately 10,640 SF; Approximately 9.27‑acre parcel; Corporate‑guaranteed net lease with 5% rent increases every 5 years