Penacook Family Physicians
4 Crescent St, Concord, NH
For Sale
Contact for pricing
Net leased condo near Boston with annual rent escalations.
Property Size10,613 SF
Lot Size2.11 Acres
Price / SF$459.17
Days on Market597
Property Features for 4 Crescent St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
SAB
(646) 809-8856
Listed By:
Mark Pomella · License NH #10401305401
(646) 809-8840
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Nov 10
Last Checked: Nov 12 at 4:23AM
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 SAB
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is Penacook Family Physicians (Concord Hospital) located in Concord, NH, approximately 70 miles northwest of Boston. The lease is structured as a net lease condo with 2.5% annual rent escalations. The tenant is a well-established operator with a significant regional presence and community reliance, holding a strong Fitch credit rating of AA-. The property is ideally located less than 2 miles from an unspecified location. The property size is 10613 square feet.
Key Highlights
- Strong AA- Fitch credit rating tenant, Concord Hospital.
- Net lease (condo) structure offers a straightforward investment.
- Enjoy 2.5% annual rent escalations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,376
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,967,520
$3.0M
Cap Rate 7%
$2,119,657
$2.1M
Cap Rate 9%
$1,648,622
$1.6M
Market Conditions
NOI Build-Up for 10,613 SF
Gross rent
$229.2K $21.60/SF
− Vacancy
−$31.4K −$2.96/SF
EGI
$197.8K $18.64/SF
− OpEx
−$49.5K −$4.66/SF
NOI
$148.4K $13.98/SF
Area
Merrimack County, NH
Vacancy
13.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,967,520
Cap Rate 7%
$2,119,657
Cap Rate 9%
$1,648,622
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,376 @ 7.0% cap · market cap 3.04%
Second Best
Healthcare Medical
$1.13M
$989.2K – $1.32M
NOI $79,134 @ 7.0% cap · market cap 1.62%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,438 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Net leased condo near Boston with annual rent escalations.
Where is this medical office space located?
The property is located at 4 Crescent St Concord, NH.
What is the asking price?
The asking price for this property is $4,873,201.
What are key features of this property?
This property features: Strong AA- Fitch credit rating tenant, Concord Hospital.; Net lease (condo) structure offers a straightforward investment.; Enjoy 2.5% annual rent escalations.
