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    142 Loudon Rd Concord, NH 03301

    Sponsored
    For Sale
    $6,000,000

    High-yield Walgreens investment, strong tenant.

    Property size:
    11,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a freestanding, 11,280-square-foot Walgreens pharmacy and drugstore located at 142 Loudon Rd, Concord, NH 03301. The property sits on a 1.41-acre lot and boasts a prominent hard corner location with high visibility along a main retail corridor, benefiting from a signalized intersection and combined traffic counts exceeding 38,556 vehicles per day. Built in 2008, this single-tenant building is currently operating at 100% occupancy under an absolute triple-net (NNN) lease with a corporate guarantee from Walgreens (S&P: "BBB-"). The lease commenced on August 4, 2008, and has a remaining term of approximately 8.8 years, extending to August 31, 2033. The lease includes ten five-year options and features a rare 5% rent increase every ten years, providing significant long-term growth potential. The asking price is $6,000,000, representing a price per square foot of $531.91 and an attractive 8.50% cap rate based on a net operating income (NOI) of $510,000. The property benefits from its location within a thriving retail area, surrounded by national tenants such as CVS, Burger King, and others, and enjoys proximity to Concord Hospital, a 295-bed facility. The surrounding area boasts a population exceeding 44,000 within a 5-mile radius, with an average household income of $90,000. This is a rare opportunity to acquire a high-quality, net-leased Walgreens property with exceptional long-term growth prospects.

    Property Features for 142 Loudon Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,280 SF
    Lot Size
    61,420 SF

    Building Details

    Year Built
    2008
    Buildings
    1

    HighLights

    • Absolute Net Lease; Zero Landlord Responsibilities.
    • Over 8 Years Remaining on the 25‑Year Lease Term.
    • Rare Walgreens Lease with 5% Rent Increases Every 10 Years.
    • Free‑Standing Walgreens with Drive‑Thru.
    • Corporate Guarantee from Walgreens (S&P: "BBB-").
    • High‑Visibility Hard Corner Location with Signalized Intersection; 38,556+ VPD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service Walgreens Drug Store Walgreens Pharmacy Pharmacy COVID-19 Drive-thru Testing ... Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.506772292521
    Latitude
    43.216253930518

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens investment, strong tenant.
    Where is this individual retail property located?
    The property is located at 142 Loudon Rd Concord, NH.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Absolute Net Lease; Zero Landlord Responsibilities.; Over 8 Years Remaining on the 25-Year Lease Term.; Rare Walgreens Lease with 5% Rent Increases Every 10 Years.
    Request Owner's contact information
    142 Loudon Rd Concord, NH 03301
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    Concord, NH 03301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    142 Loudon Rd Concord, NH 03301
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