Freestanding Retail Investment
For Sale
Contact for pricing
2709 White Mountain Hwy, Conway, NH 03860
Sun & Ski Sports investment property in North Conway, New Hampshire.
Property Size13,000 SF
Price / SF$206.59
Days on Market148
Property Features for 2709 White Mountain Hwy
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$188,000
Building Details
Year Built
2005
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Bob Horvath · License #CT 756500
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 2 at 12:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
The freestanding Sun & Ski Sports investment property is located at 2709 White Mountain Highway and 28 Mechanic Street in North Conway, New Hampshire. Sun & Ski Sports has been at this location since 2010 and has extended their lease term twice. There are 2+ years remaining on their lease with three (3), 5-year renewal options. The lease features a rent increase at the start of the first renewal option; the rent for the second two renewal options is to be determined. The property is situated in the center of North Conway and enjoys a location on the US Route 302/NH Route 16 commercial corridor (White Mountain Highway). The property is located at the intersection of White Mountain Highway and Mechanic Street and enjoys visibility, access and signage. Sun & Ski Sports is surrounded by restaurants and retailers, and is less than one mile from Maine Health Memorial Hospital, Eastern Slope Inn Resort, Cranmore Mountain Resort, and Cranmore Mountain (ski area), and is 2.5 miles from Settler’s Green, a 75-store, 500,000 square foot shopping center. The property size is 13000 square feet.
Key Highlights
- High‑traffic location on US Route 302/NH Route 16 (White Mountain Highway) in the center of North Conway.
- Established Sun & Ski Sports tenant with a history at this location since 2010 and two lease extensions.
- Remaining lease term of 2+ years with three (3), 5‑year renewal options.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$131,313
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,626,260
$2.6M
Cap Rate 7%
$1,875,900
$1.9M
Cap Rate 9%
$1,459,033
$1.5M
Market Conditions
NOI Build-Up for 13,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$202.8K $15.60/SF
− Vacancy
−$15.2K −$1.17/SF
EGI
$187.6K $14.43/SF
− OpEx
−$56.3K −$4.33/SF
NOI
$131.3K $10.10/SF
Area
Carroll County, NH
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,626,260
Cap Rate 7%
$1,875,900
Cap Rate 9%
$1,459,033
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,313 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,223 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 03860, NH
3,910
Population
3,169
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
169
Density / Sq Mi
$81,771
Median Household Income
$45,915
Median Earnings
$1,094
Median Rent
$328,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Sun & Ski Sports investment property in North Conway, New Hampshire.
Where is this retail space located?
The property is located at 2709 White Mountain Hwy Conway, NH.
What is the asking price?
The asking price for this property is $2,685,714.
What are key features of this property?
This property features: High‑traffic location on US Route 302/NH Route 16 (White Mountain Highway) in the center of North Conway.; Established Sun & Ski Sports tenant with a history at this location since 2010 and two lease extensions.; Remaining lease term of 2+ years with three (3), 5‑year renewal options.
