Free-Standing Retail with
577 Mast Rd Goffstown, NH 03102
577 Mast Rd, Goffstown, NH, 03102
Contact for pricing
For Sale
Contact for pricing
Former Rite Aid with a drive-thru, 235 feet of frontage, and ample on-site parking on 1.85 acres.
Property Size14,673 SF
Lot Size1.85 Acres
Price / SF$197.30
Days on Market150
Property Features for 577 Mast Rd
General Information
- Standard status
- Active
- Size
- 14,673 SF
- Lot size
- 1.85 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing agency
Colliers - Manchester, New Hampshire
(603) 232-8282
Listed by
Doug Martin · License #NH 065638
Source
Crexi
Added: Feb 23 Updated: Jul 22 at 11:47PM Checked: Jul 22 at 11:47PM
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 Colliers - Manchester, New Hampshire
Investment Insights
Based on property information with market context.
A 14,673± SF free-standing former Rite Aid offering a drive-thru configuration on 1.85± acres. The site includes ample on-site parking and approximately 235 feet of frontage with prominent signage along Mast Road/Route 114A. The building and site are positioned for a variety of retail, medical, service, or quick-service concepts.
Mast Road/Route 114A serves as a primary commercial corridor for Goffstown, Bedford, Pinardville, and western Manchester, with 13,915± AADT (NHDOT ‘24). The property is described as having high visibility from this corridor, and Mast Road connects directly to Manchester with access to major highways just minutes away.
Surrounding shopping and services include Starbucks, Planet Fitness, Hannaford, NH Liquor & Wine Outlet, restaurants, and banks, supporting day-to-day consumer activity in the immediate area.
Mast Road/Route 114A serves as a primary commercial corridor for Goffstown, Bedford, Pinardville, and western Manchester, with 13,915± AADT (NHDOT ‘24). The property is described as having high visibility from this corridor, and Mast Road connects directly to Manchester with access to major highways just minutes away.
Surrounding shopping and services include Starbucks, Planet Fitness, Hannaford, NH Liquor & Wine Outlet, restaurants, and banks, supporting day-to-day consumer activity in the immediate area.
Key Highlights
- 14,673± SF free‑standing former Rite Aid with a drive‑thru
- 1.85± acres with ample on‑site parking
- 235’± of frontage and prominent signage along Mast Road/Route 114A
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $316.9k | $21.60 |
| − Vacancy | −$23.8k | −$1.62 |
| EGI | $293.2k | $19.98 |
| − OpEx | −$87.9k | −$5.99 |
| NOI | $205.2k | $13.99 |
14,673 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$26.88M
$23.52M – $31.36M
NOI $1,881,812 @ 7.0% cap · market cap 65.00%
Second Best
Retail
$2.93M
$2.57M – $3.42M
NOI $205,217 @ 7.0% cap · market cap 7.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar Off Market Nearby
- Rite Aid Pharmacy — 577 Mast Rd, Manchester, NH 03102
- Hannaford Pharmacy — 605 Mast Rd, Goffstown, NH 03102
- Cindy Ginn — 577 Mast Rd, Manchester, NH 031021157
- Peter Rella — 577 Mast Rd, Manchester, NH 03102
- Heather Bird — 577 Mast Rd, Manchester, NH 031021157
FAQs
What type of property is this?
Drug store - Former Rite Aid with a drive-thru, 235 feet of frontage, and ample on-site parking on 1.85 acres.
Where is this drug store located?
The property is located at 577 Mast Rd Goffstown, NH.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 14,673± SF free‑standing former Rite Aid with a drive‑thru; 1.85± acres with ample on‑site parking; 235’± of frontage and prominent signage along Mast Road/Route 114A
