Free-Standing Retail with
For Sale
Contact for pricing
577 Mast Rd, Goffstown, NH 03102
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 Market242
Property Features for 577 Mast Rd
General Information
Standard status
Active
Size
14,673 SF
Lot size
1.85 Acres
Property subtype
Retail
Zoning
Commercial
Site & Location
Traffic Count
13,915 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2009
Buildings
1
Stories
1
Listing Agency:
Colliers - Manchester, New Hampshire
Listed By:
Doug Martin · License #NH 065638
(603) 493-8784
Source:
Crexi
Added: Feb 23
Changed: Oct 13
Last Checked: Oct 23 at 6:20AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,217
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,104,340
$4.1M
Cap Rate 7%
$2,931,671
$2.9M
Cap Rate 9%
$2,280,189
$2.3M
Market Conditions
NOI Build-Up for 14,673 SF
Gross rent
$316.9K $21.60/SF
− Vacancy
−$23.8K −$1.62/SF
EGI
$293.2K $19.98/SF
− OpEx
−$87.9K −$5.99/SF
NOI
$205.2K $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 Rate 5%
$4,104,340
Cap Rate 7%
$2,931,671
Cap Rate 9%
$2,280,189
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
13,915 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
145k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 32%
Shops & Services 21%
Superstores 11%
Hannaford
Groceries
36,343 visits/mo
0.1 miles
McDonald's
Dining
20,415 visits/mo
0.1 miles
Big Lots
Superstores
15,230 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,728 visits/mo
0.2 miles
Dunkin' Donuts
Dining
12,116 visits/mo
0.2 miles
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Rite Aid Pharmacy — 577 Mast Rd, Manchester, 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
- Hannaford Pharmacy — 605 Mast Rd, Goffstown, NH 03102
Frequently Asked Questions
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
