Building Details

Year Built 2018

Tenancy Single

Listing Agency: Schuchert Retail Group

Listed By: Jim Schuchert · License #01969414

Source: Crexi

Added: Apr 13 Changed: Aug 29 Last Checked: Sep 1 at 8:04AM

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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 Schuchert Retail Group

Investment Insights

Based on property information with market context.

This grocery and convenience store property includes a 9,318-square-foot building constructed in 2018. Dollar General is identified at the property, providing a recognizable retail format within the asset’s existing commercial profile.

The property is located in Bennington, New Hampshire. Its address is 510 US-202, Bennington, NH 03442.

Key Highlights

• 9,318 SF grocery and convenience store property
• Constructed in 2018
• Dollar General retail location

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

$130,322

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

8.47%

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%

$2,606,440 $2.6M

Cap Rate 7%

$1,861,743 $1.9M

Cap Rate 9%

$1,448,022 $1.4M

Market Conditions

NOI Build-Up for 9,318 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

$201.3K $21.60/SF

− Vacancy

−$15.1K −$1.62/SF

EGI

$186.2K $19.98/SF

− OpEx

−$55.9K −$5.99/SF

NOI

$130.3K $13.99/SF

Area

Hillsborough County, NH

Vacancy

7.50%

Lease Rate

$21.60 /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%

$2,606,440

Cap Rate 7%

$1,861,743

Cap Rate 9%

$1,448,022

Alternative Uses

Best Use

Specialty Retail

$17.07M

$14.94M – $19.92M (±1% cap)

NOI $1,195,034 @ 7.0% cap · market cap 77.63%

Second Best

Retail

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,322 @ 7.0% cap · market cap 8.47%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

6k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,874 visits/mo 0.2 miles

Demographics for 03442, NH

1,501

Population

735

Households

2

Avg Household Size

42

Median Age

32%

College-Educated

91%

High-School Grad

11.4 sq mi

ZIP Area

132

Density / Sq Mi

$78,071

Median Household Income

$47,969

Median Earnings

$1,132

Median Rent

$249,700

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Retail property associated with the Dollar General brand and constructed in 2018.

Where is this grocery and convenience store located?

The property is located at 510 US-202 Bennington, NH.

What is the asking price?

The asking price for this property is $1,539,489.

What are key features of this property?

This property features: 9,318 SF grocery and convenience store property; Constructed in 2018; Dollar General retail location