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CVS 181 Silver St

14,698 SF Retail Building Dover, NH 03820 £3,471,600 (£236/SF) 5% Net Initial Yield

Investment Highlights

  • Long Term Lease
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • Rare & Attractive Increases
  • Investment Grade Credit
  • High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple condominium interest in a single-tenant CVS located at 181 Silver Street in Dover, New Hampshire (the “Property”). CVS has 17+ years remaining on their Absolute NNN Ground Lease with a five (5), 5-year renewal options. The CVS lease calls for rare and attractive rent increases throughout the primary lease term and at the start of each of their renewal options. The Property is situated within Silver Square, a five-unit mixed-use condominium development positioned at the intersection (rotary) of Silver Street (NH Route 9), Knox Marsh Road and the Spaulding Turnpike on ramp. The Property is adjacent to the Spaulding Turnpike, the area’s primary commuter highway and enjoys excellent signage and visibility along the heavily traveled roadway. CVS is 1-mile from Downtown Dover, with convenient access to residential communities, area schools, municipal offices, the area’s light industrial parks and the Wentworth-Douglass Hospital.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,698 SF
Building Class
B
Year Built
2021
Price
£3,471,600
Price Per SF
£236
Net Initial Yield
5%
NOI
£173,580
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Land Acres
1.53 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 11002-000001
  • 11002-000002
Land Assessment
£4,663,621
Improvements Assessment
£12,001,952
Total Assessment
£16,665,573
  • Listing ID: 33661733

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: 181 Silver St, Dover, NH 03820

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