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Property profile & analytics
OFF-MARKET
Showrooms

178 County Rd New London, NH 03257

5,740 SF 0.84 ac lot Built 2000
Entity Owned 1-yr Hold Free & Clear
Property ID
US58-0395429
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 5,600-square-foot, two-story bank building situated on a 0.92-acre lot in New London, New Hampshire. Built in 1965 and renovated in 2015, the property boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease in place. The current tenant, a well-established community bank, has occupied the location for over 23 years and is committed to a new 15-year lease with ten 5-year renewal options. This lease structure includes attractive 10% rent increases every five years, providing a strong hedge against inflation and significant long-term revenue growth. The property generates a substantial net operating income (NOI) of $140,000, resulting in a compelling 6.75% cap rate. The strategic location at the intersection of Newport Road and County Road places the property within a thriving commercial center, benefiting from high visibility and significant daily traffic counts exceeding 9,300 vehicles. Proximity to major amenities, including New London Hospital (0.2 miles), Colby-Sawyer College (1.5 miles), and Interstate 89 (2 miles), further enhances the property's value and appeal. The surrounding area features a robust retail environment, anchored by well-known national and regional brands, and a strong demographic profile with high average household incomes within a 10-mile radius. This is a truly passive investment opportunity with zero landlord responsibilities, offering exceptional stability and potential for significant returns. The asking price is $2,074,074.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2000
Construction FRAME
Total area 5,740 SF
Lot 0.84 ac (36,416 SF)
Zoning code COMMER
APN NLDN M:59 L:14 S:0
UPID US58-0395429
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
  • Ledyard Financial Advisors Financial Advisor
  • Ledyard National Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
New London Roth LLC · 1 yrs held
New London Roth LLC
since 2024
Last sale
$2.1M
2 recorded transactions
2024
$2.1M
1999
$500,000
Zoning & alternative use
COMMER · New London, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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