142 Loudon Rd Concord, NH 03301

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.