Retail Redevelopment Building with
For Sale
$1,850,000
360 Summer Street, Bristol, NH 03222
Former Rite Aid building with ample on-site parking and Village Commercial zoning for flexible commercial redevelopment.
Property Size11,201 SF
Price / SF$165.16
Days on Market128
Property Features for 360 Summer Street
General Information
Standard status
Active
Size
11,201 SF
Property subtype
Commercial
Zoning
Village Commercial
Building Details
Year Built
1998
Listing Agency:
Granite Group Realty Service's
Listed By:
Margaret Duba
(603) 763-4932
Source:
Harborlightrealty
Added: Apr 21
Changed: Aug 25
Last Checked: Aug 25 at 9:31AM
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 Granite Group Realty Service's
Investment Insights
Based on property information with market context.
This prominently positioned former Rite Aid retail property offers a solid foundation for redevelopment and a range of potential commercial uses. The existing building is suited to retail, medical, professional office, fitness, community services, restaurant, or mixed-use concepts, supported by Village Commercial zoning flexibility. The site includes a sizeable lot and ample on-site parking, along with prominent signage opportunities.
Located in the heart of Bristol, along Route 104, the property benefits from exceptional frontage and convenient access to Newfound Lake, downtown Bristol, Plymouth, and Interstate 93. The surrounding business presence includes Dunkin’ and LaValley Building Supply, supporting an established retail corridor.
Located in the heart of Bristol, along Route 104, the property benefits from exceptional frontage and convenient access to Newfound Lake, downtown Bristol, Plymouth, and Interstate 93. The surrounding business presence includes Dunkin’ and LaValley Building Supply, supporting an established retail corridor.
Key Highlights
- Former Rite Aid commercial building built in 1998
- Located along Route 104 with prominent frontage for high‑visibility retail, medical, office, fitness, community services, or restaurant uses
- Village Commercial zoning offers flexibility for a wide range of commercial and mixed‑use redevelopment plans
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
$167,303
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
9.04%
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%
$3,346,060
$3.3M
Cap Rate 7%
$2,390,043
$2.4M
Cap Rate 9%
$1,858,922
$1.9M
Market Conditions
NOI Build-Up for 11,201 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
$241.9K $21.60/SF
− Vacancy
−$18.9K −$1.68/SF
EGI
$223.1K $19.92/SF
− OpEx
−$55.8K −$4.98/SF
NOI
$167.3K $14.94/SF
Area
Grafton County, NH
Vacancy
7.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,346,060
Cap Rate 7%
$2,390,043
Cap Rate 9%
$1,858,922
Alternative Uses
Best Use
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,303 @ 7.0% cap · market cap 9.04%
Second Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,398 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,472 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03222, NH
5,743
Population
4,071
Households
1.4
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
71.3 sq mi
ZIP Area
81
Density / Sq Mi
$78,535
Median Household Income
$43,453
Median Earnings
$1,246
Median Rent
$256,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Thomas White — 360 Summer St, Bristol, NH 032223213
- Rite Aid Pharmacy — 360 Summer St, Bristol, NH 03222
Frequently Asked Questions
What type of property is this?
Drug store - Former Rite Aid building with ample on-site parking and Village Commercial zoning for flexible commercial redevelopment.
Where is this drug store located?
The property is located at 360 Summer Street Bristol, NH.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Former Rite Aid commercial building built in 1998; Located along Route 104 with prominent frontage for high‑visibility retail, medical, office, fitness, community services, or restaurant uses; Village Commercial zoning offers flexibility for a wide range of commercial and mixed‑use redevelopment plans
