4-8 Hall St - Drug Store FOR SALE


Concord, NH 03301
$3,836,800 USD
619-297-0055
4-8 Hall St, Concord, NH for Sale
$3,836,800 USD
Drug Store - FOR SALE
1/2
null | 6% Cap Rate

4-8 Hall St
Concord, NH 03301


HIGHLIGHTS

  • 6% increase in May 2028 and CVS is responsible for property maintenance and expenses.
  • At lease expiration, CVS will be paying $19.08 per square foot in rent, which is replaceable to market levels, offering a buyer limited downside risk.
  • According to Placer.aI, this location ranks in the top 5% of CVS stores nationwide with over 522,000 annual customer visits.
  • Immediate access to the I-93 on/off ramps with 77,000 VPD.
  • Situated on a 2.27-acre site, the property provides ample parking, excellent visibility, and future redevelopment flexibility.
  • CVS has been operating at this location for over 17 years.

OVERVIEW

We are pleased to offer for sale the CVS property located at 4 Hall Street, Concord, NH 03301 (the “Property”). The Property has a ground lease with CVS first option to cancel the lease on January 31, 2034. There is a 6% rent increase in May 2028, and CVS is responsible for property maintenance and expenses. CVS has been operating at this location for over 17 years, and its $17.85/SF rent is replaceable relative to market levels, supporting a buyer’s downside protection. Customer traffic is strong, with Placer.aI reporting 522,000 annual visits, placing this store in the top 5% nationwide for CVS locations. The Property sits on an oversized ±2.27-acre lot directly at the I-93 on/off ramps, with exposure to ±77,000 vehicles per day. Retail fundamentals in the immediate area remain strong, with a 2.1% vacancy rate within two miles, roughly 2% below the national average. The Capitol Shopping Center, located less than a mile away, experienced recent renovations to it's location which has brought on new tenants such as Boot Barn, Five Below, and Ulta Beauty. The Property is also less than one mile from the Railyard Apartments, a new four-building, 199-unit apartment complex adding steady nearby demand.

FOR SALE DETAILS

PRICE

$3,836,800 USD

PRICE/SF

$454 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

6% Rental Incrs in 2028 | Replaceable Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

GWP

APN/PARCEL ID

CNCD-000026-000001-000011

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.