1498 White Mountain Hwy Conway, NH 03860

This exceptional investment opportunity presents a fee-simple ownership of a 13,666 square foot Walgreens, situated on a 1.935-acre lot in Conway, New Hampshire. The property boasts a highly desirable Absolute NNN lease with Walgreens (NASDAQ: WBA), a credit-worthy tenant with a S&P credit rating of BBB- and a Moody's rating of Ba2. The lease, with a remaining term of over nine years, extends to September 30, 2033, and includes fifty one-year renewal options, ensuring long-term stability and predictable cash flow. The property generates a strong NOI of $405,000, resulting in a compelling 7.30% cap rate. Located on White Mountain Highway, a major north-south thoroughfare with a daily traffic count of 44,346 vehicles, this Walgreens benefits from exceptional visibility and accessibility. Its performance surpasses that of a nearby competitor, ranking in the top 22% of Walgreens locations in New Hampshire and the top 32% nationally based on traffic. The property's strategic location near Settlers Green Outlets, a major shopping destination attracting 2.4 million shoppers annually, further enhances its value. The surrounding area demonstrates strong demographics, with a total population of 9,322 within a five-mile radius and an average household income of $98,619 within one mile. Built in 2008, this single-story building is zoned C and represents a secure, high-performing investment with significant upside potential. The asking price is $5,548,000.