66 Gilcreast Rd Londonderry, NH 03053
Property profile & analytics
66 Gilcreast Rd Londonderry, NH 03053
- Banks
- 3,200 SF
- 1.27 lot acres
Property ID
US58-0632991
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Checkmate Pizza Londonderry, NH / Take-out & Catering
- Leah Shand, RE/MAX Innovative Properties / Real Estate Agency
- LeeAnn Daley- Wedding Hair Stylist / Hair Salon / Nail Salon
- Coccolare / Hair Salon
- Pingry Hill Homes / Construction Company
Property Details for 66 Gilcreast Rd
- Year built
- 2024
- Lot size
- 1.27 lot acres
- Property size
- 3,200 SF
- Property type
- Banks
Description
This exceptional investment opportunity presents a newly constructed, 3,200 square foot Chase Bank building situated on a 1.27-acre lot in Londonderry, New Hampshire. The property boasts a prime location at the signalized intersection of Gilcreast Road and Nashua Road (NH Route 102), a major commercial corridor, with excellent visibility and frontage. Conveniently located 0.5 miles from Interstate 93 and approximately 2 miles from Londonderry schools, Downtown Derry, and Parkland Medical Center, the bank benefits from high traffic counts (approximately 38,700 vehicles daily) and a strong demographic profile, with over 33,400 people residing within a 3-mile radius and an average household income exceeding $134,000. The property is surrounded by numerous national retailers, including three grocery stores, ensuring consistent foot traffic. This absolute NNN ground lease with Chase Bank, a credit-rated tenant with a corporate guarantee, offers a 15-year term commencing August 1, 2024, with six 5-year renewal options and 10% rent bumps every five years. The property generates a Net Operating Income (NOI) of $225,000, representing a 4.85% cap rate and an asking price of $4,639,175. The lease structure eliminates management responsibilities for the investor, providing a low-maintenance, high-return investment. The strong tenant, prime location, and built-in rent increases make this a compelling opportunity in a thriving New Hampshire market.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Londonderry
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.3490187
- Latitude
- 42.8657988
