74-78 Pleasant St - Bank FOR SALE


Claremont, NH 03743
$1,517,242 USD
781-776-4010
74-78 Pleasant St, Claremont, NH for Sale
$1,517,242 USD
Bank - FOR SALE
1/6
null | 7.25% Cap Rate

74-78 Pleasant St
Claremont, NH 03743


HIGHLIGHTS

  • Long Term Tenant
  • Rare Rent Increases
  • Investment-Grade Credit
  • Downtown Location
  • Branch Deposits
  • Double-Net Lease

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Citizens Bank located at 74 Pleasant Street and 11 Middle Street in Claremont, New Hampshire (the “Property”). Citizens Bank has a long operating history at the Property and has been at this location since 2001 (24+ years) and recently extended their lease demonstrating their commitment to the site and the market. The Citizens Bank lease has 3+ years remaining followed by two (2), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option period. Citizens is well-located in the commercial downtown of Claremont, with excellent visibility, prominent signage and multiple points of access. The Property includes two dedicated drive-thru lanes, a drive-up ATM and ample parking on 0.99-acres of land, which includes the adjacent parking lot at 11 Middle Street. The location is directly across the street from Rite Aid and Family Dollar | Dollar Tree and is easily accessible to all of the amenities in Downtown Claremont. New Hampshire Routes 11, 12 ,12A, 103 and 120 meet in Downtown Claremont and connect to the rest of western New Hampshire and eastern Vermont.

FOR SALE DETAILS

PRICE

$1,517,242 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

MU

APN/PARCEL ID

CLMN-000120-000000-000097

ASK ABOUT THIS PROPERTY

Brian AhrensHorvath & TremblayMore Info
781-776-4010

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Brian AhrensHorvath & TremblayMore Info
781-776-4010

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