67 River Rd Bedford, NH 03110
- Banks
- 3,346 SF
- 0.88 lot acres
Current Use by Public Records
- Banks
Property Details for 67 River Rd
- Year built
- 2024
- Lot size
- 0.88 lot acres
- Property size
- 3,346 SF
- Property type
- Banks
Description
Exceptional investment opportunity: a brand-new, 3,346 square foot Chase Bank located at 67-69 S River Rd, Bedford, NH, is available for purchase. This property boasts a 15-year absolute NNN ground lease with six 5-year renewal options, commencing in Q4 2024. The lease includes 10% rent escalations at the start of each option period and throughout the initial term, ensuring consistent income growth. The current annual rent is $160,000, yielding a 5.00% cap rate on the $3,200,000 asking price. Situated on a 0.88-acre lot with 25 parking spaces, this property benefits from its prime location on Bedford's primary retail corridor, South River Road, with high visibility and convenient access to US-3 and Interstate 293 (86,908 VPD). The surrounding area features a strong tenant lineup including Whole Foods, Lowe's, Target, Trader Joe's, Hannaford, and HomeGoods. This investment offers minimal landlord responsibilities, a completely passive income stream, and a corporate guarantee from JPMorgan Chase (NYSE: JPM), an investment-grade tenant with an A+ credit rating (S&P). The property is zoned PZ-Performance and was built in 2024. The robust demographics, with 147,646 people earning over $115,000 within a 5-mile radius, further enhance the investment potential. This is a rare opportunity to acquire a newly constructed, high-performing asset with significant long-term growth prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4789518
- Latitude
- 42.9592079
