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Property profile & analytics
FOR SALE
Showrooms

1448 Nh Route 119 Rindge, NH 03461

8,270 SF 7.24 ac lot Built 2019
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US58-0443108
Property summary
AI-generated overview

This exceptional 8,000 square foot retail center, built in 2020, is ideally situated at the intersection of I-202 and NH Route 119 in Rindge, New Hampshire. Currently 100% occupied by a Dunkin' and Domino's Pizza, both operating under 10-year NNN leases with rent increases every five years. The center boasts ample parking (5.6 spaces per 1,000 square feet) and excellent visibility due to its dominant location. A Gardner Federal Credit Union is currently under construction, further enhancing the property's value and tenant mix. This investment opportunity benefits from strong credit tenants who have demonstrated resilience, continuing operations throughout the COVID-19 pandemic. The strategic location near the Massachusetts border offers access to a large customer base in a sales-tax-free environment, with nearby retail giants including Walmart, Hannaford Brothers, Market Basket, and Tractor Supply. The property features a multi-tenant configuration and offers long-term lease stability. Both Dunkin' and Domino's utilize drive-thru options, maximizing convenience and customer accessibility. This is a triple-net lease property with a proven track record and significant upside potential. The center's out-positioned location provides a competitive advantage in the market.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2019
Total area 8,270 SF
Lot 7.24 ac (315,549 SF)
Zoning code GATEWA
APN RIND M:6 L:19 U:1
UPID US58-0443108
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AR Overhead Doors Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$903k
Blend (final) Blend
$935k
Owner & transaction history
302 Dev LLC · 5 yrs held
302 Dev LLC
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
GATEWA · Rindge, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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