4 Sanborn Rd Tilton, NH 03276

Property Details for 4 Sanborn Rd

Year built

2008

Lot size

1.97 lot acres

Property size

14,645 SF

Zone code

REGION

Property type

Showrooms

APN

TILT M:00R23 B:000001 L:000000

APU

TILTM00R23B000001L000000

Description

This exceptional investment opportunity presents a 14,550-square-foot Walgreens pharmacy located at 4 Sanborn Rd, Tilton, NH 03276. Boasting a prime retail location just 500 feet from Interstate 93, this property benefits from significant daily traffic volume exceeding 33,000 vehicles on Route 3 and Sanborn Road. The property sits on a 1.97-acre lot and was constructed in 2008. The building is currently 100% occupied under a 25-year absolute NNN lease, with a remaining term of approximately 8.6 years, expiring June 29, 2033. The lease commenced June 30, 2008. The property generates a strong net operating income (NOI) of $515,000, resulting in an attractive 7.75% capitalization rate. This location is surrounded by a robust mix of national retailers, including Home Depot, Lowe's, Walmart, Tangier Outlets, Dunkin', Taco Bell, McDonald's, and Market Basket, ensuring high visibility and consistent customer traffic. The asking price for this exceptional retail investment is $6,645,162. This is a rare opportunity to acquire a high-performing, long-term leased asset in a thriving retail corridor. The property's strong tenant, excellent location, and substantial remaining lease term make it an ideal addition to any investment portfolio.

Location Insight

City

Tilton

County

Belknap

State

New Hampshire

Longitude

-71.5661

Latitude

43.4567

CBSA code

29060

CBSA name

LACONIA, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments