181 Silver St Dover, NH 03820

Property Details for 181 Silver St

Lot size

0.68 lot acres

Property size

2,300 SF

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple condominium interest in a single-tenant Dunkin' located at 181 Silver St, Dover, NH. The property boasts a 2,300 square foot building on a 0.68-acre lot, currently operating at 100% occupancy. The Absolute NNN ground lease with the Dunkin' franchisee commenced April 20, 2017, and expires April 19, 2032, with five 5-year renewal options. The lease includes attractive 10% rent bumps every five years, providing a strong hedge against inflation. The property benefits from a substantial remaining lease term of approximately 7.4 years and generates a strong NOI of $60,500, resulting in a 4.75% cap rate. The strategic location at the intersection of Silver Street (NH Route 9), Knox Marsh Road, and the Spaulding Turnpike on-ramp ensures high visibility and accessibility. The property is part of Silver Square, a mixed-use development including a hotel, assisted living facility, and CVS, further enhancing its desirability. The area boasts strong demographics, with over 30,900 people within a 3-mile radius and an average household income exceeding $120,000. Daily traffic counts exceeding 15,400 vehicles at the intersection and over 49,500 vehicles on the adjacent Spaulding Turnpike provide significant exposure. The property's proximity to major roadways, schools, residential areas, and employment centers contributes to its robust performance. This is a rare opportunity to acquire a well-performing, low-maintenance investment with significant upside potential. The Dunkin' franchisee is responsible for all operating expenses, repairs, and maintenance, minimizing landlord responsibilities.

Location Insight

City

Dover

County

Strafford

State

New Hampshire

Longitude

-70.8873

Latitude

43.1888