66 Gilcreast Rd Londonderry, NH 03053

Property Details for 66 Gilcreast Rd

Year built

2024

Lot size

1.27 lot acres

Property size

3,200 SF

Property type

Banks

Description

This exceptional investment opportunity presents a newly constructed, 3,200 square foot Chase Bank building situated on a 1.27-acre lot in Londonderry, New Hampshire. The property boasts a prime location at the signalized intersection of Gilcreast Road and Nashua Road (NH Route 102), a major commercial corridor, with excellent visibility and frontage. Conveniently located 0.5 miles from Interstate 93 and approximately 2 miles from Londonderry schools, Downtown Derry, and Parkland Medical Center, the bank benefits from high traffic counts (approximately 38,700 vehicles daily) and a strong demographic profile, with over 33,400 people residing within a 3-mile radius and an average household income exceeding $134,000. The property is surrounded by numerous national retailers, including three grocery stores, ensuring consistent foot traffic. This absolute NNN ground lease with Chase Bank, a credit-rated tenant with a corporate guarantee, offers a 15-year term commencing August 1, 2024, with six 5-year renewal options and 10% rent bumps every five years. The property generates a Net Operating Income (NOI) of $225,000, representing a 4.85% cap rate and an asking price of $4,639,175. The lease structure eliminates management responsibilities for the investor, providing a low-maintenance, high-return investment. The strong tenant, prime location, and built-in rent increases make this a compelling opportunity in a thriving New Hampshire market.