67 Main St West Lebanon, NH 03784-1603

Property Details for 67 Main St

Year built

1965

Construction

FRAME

Lot size

0.71 lot acres

Property size

1,492 SF

Zone code

CBD

Property type

Banks

APN

LBAN M:72 B:16 L:

APU

LBANM72B16L

Description

This fee-simple property offers a 1,492 sq ft, single-story bank building in West Lebanon, NH, on a 0.71-acre lot. The property boasts a prime location on Main Street (US Route 4), a major commercial corridor with high traffic counts (over 14,900 vehicles daily). The building, constructed in 1965, features a drive-thru and ATM. A new 15-year absolute NNN lease with a corporate guarantor (Ledyard National Bank) is in place, offering ten 5-year renewal options. Rent increases by 10% every five years. The property benefits from its proximity to major roadways (Interstates 89 and 91), a train station, and an airport. The strong local economy is driven by Dartmouth College, Dartmouth Hitchcock Medical Center, and a robust retail sector including national brands like Home Depot, Target, and Walmart. The area's demographics are favorable, with high household incomes within a 5-mile radius (average $128,544). The property's NOI is $70,000, resulting in a 6.75% cap rate and an asking price of $1,037,037. This is a low-maintenance, passive investment opportunity with significant upside potential due to the built-in rent escalations. The property's excellent visibility and location within a thriving commercial center make it an attractive investment.