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Service Credit Union 5 Sargents Pl 2,300 SF 100% Leased Retail Building Gilford, NH 03249 $4,504,660 CAD ($1,958.55 CAD/SF) 5.50% Cap Rate
Investment Highlights
- New Construction
- Dynamic Tenant
- Outstanding Location
- Attractive Rent Increases
- Zero Management Responsibilities
- Lakes Region
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Service Credit Union located at 5 Sargent Place in Gilford, New Hampshire (the “Property”). The new construction building contains 2,300 square feet and has a dedicated drive through lane on a 0.57-acre parcel. Service Credit Union has 13+ years remaining on their Absolute NNN Lease with one (1) five-year renewal option. The Lease calls for attractive 3% annual rent increases throughout the base term and renewal option period.
The Property is well located along Lakeshore Road (US Route 3), the area’s primary commercial and commuter corridor. The new construction Property offers good visibility and frontage and is positioned in the heart of the area’s commercial district, and is seconds from Walmart Supercenter, Shaw’s, Hannaford, and Lowe’s, all of which drive traffic to the area. The Property is 0.7-miles from Paugus Bay and 3-miles from Sanders Bay, both on the western shore of Lake Winnipesaukee, one of New England’s most popular tourist destinations and the gateway to New Hampshire’s Lakes region
The Property is well located along Lakeshore Road (US Route 3), the area’s primary commercial and commuter corridor. The new construction Property offers good visibility and frontage and is positioned in the heart of the area’s commercial district, and is seconds from Walmart Supercenter, Shaw’s, Hannaford, and Lowe’s, all of which drive traffic to the area. The Property is 0.7-miles from Paugus Bay and 3-miles from Sanders Bay, both on the western shore of Lake Winnipesaukee, one of New England’s most popular tourist destinations and the gateway to New Hampshire’s Lakes region
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,300 SF
Building Class
B
Year Built
2024
Price
$4,504,660 CAD
Price Per SF
$1,958.55 CAD
Cap Rate
5.50%
NOI
$247,756 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.59 AC
Zoning
C
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Service Credit Union
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Service Credit Union | Finance and Insurance | - | - | - |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 9
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Service Credit Union | 5 Sargents Pl
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