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.