Freestanding Retail Building with
577 Mast Rd Manchester, NH 03102
577 Mast Rd, Manchester, NH, 03102
Contact for pricing
For Sale
Contact for pricing
Free-standing former Rite Aid offers a drive-thru, 235’ 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 Market149
Property Features for 577 Mast Rd
General Information
- Standard status
- Active
- Size
- 14,673 SF
- Lot size
- 1.85 Acres
- Property subtype
- RETAIL
Listing agency
Colliers
(603) 493-8784
Listed by
Doug Martin · License #065638
(603) 493-8784
Source
Moodyscre
Added: Feb 23 Updated: Jul 22 at 3:18AM Checked: Jul 22 at 3:18AM
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
Investment Insights
Based on property information with market context.
This 14,673± SF freestanding property was formerly a Rite Aid and includes a drive-thru. The building is situated on 1.85± acres with ample on-site parking and offers 235’ of frontage with prominent signage along Mast Road/Route 114A.
Mast Road serves as a primary commercial corridor for Goffstown, Bedford, Pinardville, and western Manchester. The property is reported to have 13,915± AADT (NHDOT ’24), and Mast Road connects directly to Manchester with convenient access to major highways.
The surrounding area includes established retail and service uses such as Starbucks, Planet Fitness, Hannaford, NH Liquor & Wine Outlet, restaurants, and banks.
Mast Road serves as a primary commercial corridor for Goffstown, Bedford, Pinardville, and western Manchester. The property is reported to have 13,915± AADT (NHDOT ’24), and Mast Road connects directly to Manchester with convenient access to major highways.
The surrounding area includes established retail and service uses such as Starbucks, Planet Fitness, Hannaford, NH Liquor & Wine Outlet, restaurants, and banks.
Key Highlights
- 14,673± SF free‑standing former Rite Aid building with drive‑thru window
- 1.85± acres with ample on‑site parking
- 235’ of frontage and prominent signage along Mast Road/Route 114A
Local Financial Insights For Specialty 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 | $352.2k | $24.00 |
| − Vacancy | −$15.8k | −$1.08 |
| EGI | $336.3k | $22.92 |
| − OpEx | −$84.1k | −$5.73 |
| NOI | $252.2k | $17.19 |
14,673 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $252,229 @ 7.0% cap · market cap 8.71%
Second Best
Retail
$3.01M
$2.63M – $3.51M
NOI $210,763 @ 7.0% cap · market cap 7.28%
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
Rite Aid Pharmacy
Pharmacy
Rite Aid
Pharmacy
CDReload - Online Bitcoin ...
Crypto Atm
Rite Aid Photo
(Bike/Boat/Book/etc) Store
Coinhub Bitcoin ATM ...
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- Hannaford Pharmacy — 605 Mast Rd, Goffstown, NH 03102
- Raven's Eye Homestead — 251 Youville St, Manchester, NH 03102
FAQs
What type of property is this?
Drug store - Free-standing former Rite Aid offers a drive-thru, 235’ 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 Manchester, 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 building with drive‑thru window; 1.85± acres with ample on‑site parking; 235’ of frontage and prominent signage along Mast Road/Route 114A
