ContinentalReal Estate gROUP, iNC.RESIDENTIAL•COMMERCIAL•REALTORS®•BROKERS
*Actual Location
Investment Offering - Single Tenant 125 Louden Road | Concord, NH
For more information contact: Derek Eisenberg (877) 996-5728 ext. 6018
Confidentiality & Disclaimer The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended only to be reviewed by the party receiving it from Continental Real Estate Group and should not be made available to any other person or entity without the written consent of Continental Real Estate Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Continental Real Estate Group has not made any investigation and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulators, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Continental Real Estate Group has not verified, and will not verify, any of the information contained herein, nor has Continental Real Estate Group conducted any investigation regarding theses matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. This is not an appraisal. Please consult your Continental Real Estate Group agent for more details. The information contained herein was obtained from sources believed reliable, however, Continental Real Estate Group makes no guaranties, warranties or representations as to the completeness thereof. This document has been prepared by Continental Real Estate Group for advertising and general information only. Continental Real Estate Group excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.
Derek Eisenberg (877) 996-5728 ext. 6018 direct [email protected] NH Lic #06275
For more information contact:
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section IIproperty description
section IIImarket information
section IVtenant profiles
Investment Offering - Single Tenant 125 Louden Road | Concord, NH
Continental Real Estate Group is pleased to present a single-tenant net leased investment offering in Concord, NH. The subject property is occupied by 7-Eleven and is located at 125 Loudon Road, Concord, New Hampshire. The subject property is comprised of a convenience store and gas station consisting of approximately 2,940 SF retail building and six fuel dispensers with metal canopy on a 1.34 acre parcel corner lot.
Strategically located at the corner of Loudon Road (NH Route 9) and Ormond Street near Interstates 93 and 393, in New Hampshire's capital city of Concord. NH Route 9 is a major east-west route across northern New England, navigating from Maine to Vermont. Loudon Road is the main thoroughfare carrying traffic from the east side of the Merrimack River to Concord's Central Business District and the state capital. The subject property benefits from a strong local trade area, high traffic volumes, prominent visibility and excellent ingress and egress. In addition, 7-Eleven has a pylon sign that emphasizes prominent visibility. Surrounding national retail tenants include Walgreens, McDonald’s Dunkin’ Donuts, Wendy’s, Burger King, KFC, CVS, and Advance Auto to name a few. Along from local retailers, the property is also in close proximity to the Department of Motor Vehicles, the local Municipal Airport, and the Supreme Court of New Hampshire.
property snapshot
125 Loudon Road | Concord, NHBuilt in 20022,940 SF Situated on 1.34 AcreSingle Tenant Net Leased - RetailFee-Simple Ownership
pricing summaryPurchase Price $2,989,000NOI $216,700CAP Rate 7.25%Lease Term ±4.5 years remaining
*Representative Photo
executive summarypage 3
125 Loudon Road | Concord, NH
investment overviewAddress 125 Loudon Road | Concord, NH
APN 14200 - 114D - 2 - 15
Square Footage 2,940
Year Built 2002
Purchase Price $2,989,000
CAP Rate 7.25%
NOI $216,700
Parking 15 Spaces (4.37 / 1,000 sf)
Zoning CG
Amenities Exterior and Pylon Signage
Lease Type Single Tenant Net Lease
Remaining Lease Term Approximately 4.5 years plus Three (3) Options
investment highlights• Strong Corporate Guarantee from Largest Convenience Store Chain in the World• Investment Grade Tenant (7-Eleven S&P Credit Rating: AA-)• NNN Lease with Zero Landlord Obligations• Strategically Located at the Corner of Loudon Road (NH Route 9) and Ormond
Street near Interstates 93 and 393, in New Hampshire's Capital City of Concord• Convenience Store and Gas Station Consisting of ±2,940 SF Retail Building and
Six Fuel Dispensers on a Large 1.34 Acre Corner Lot• Over 190 Feet of Frontage along Loudon Road with 2 Curb Cuts
Term Annual Rent Monthly Rent Rent / SF CAP Rate
Current - 10/17/2020 $216,700.00 $18,058.33 $73.71 7.25%
Options 1 - 3 Fair Market Value
*Representative Photo
property descriptionpage 4
lease abstractTenant 7-Eleven
Lease Commencement 02/18/2002
Lease Expiration 10/17/2020
Lease Type Single-Tenant Net Lease
Renewal Options Three (3) Options - Five (5) Years at FMV
Annual Rent $216,700
Rent Increases Fair Market Rental Value (FMV)
Roof & Structure Tenant Responsible
Guarantor Corporate
Landlord Responsibilities None
125 Loudon Road | Concord, NH
location map 2015 demographics1 mile 3 miles 5 miles
total population 5,057 27,094 42,354
total households 2,267 12,063 17,314
average household income $53,221 $,69,140 $76,196
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property descriptionpage 5
125 Loudon Road | Concord, NH
MERRIMACK R
IVER
New Hampshire Department of Transportation
Supreme Court of New Hampshire
New Hampshire National Guard
RSRVTN
Concord Municipal
Airport
New Hampshire State Offices
property descriptionpage 6
393
93
Loudon Road
Airport Road
location aerial125 Loudon Road | Concord, NH
125 Loudon Road | Concord, NH
Loudon Road
Orm
ond
Stre
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Canopy 6 MPDs
125 Loudon Road | Concord, NH
property descriptionpage 7
property site plan
125 Loudon Road | Concord, NH
property descriptionpage 8
property photos
*Representative Photo*Representative Photo *Representative Photo
Concord, NHConcord is the capital city of the U.S. state of New Hampshire and the county seat of Merrimack County. As of the 2010 census, its population was 42,695.
According to the United States Census Bureau, the city has a total area of 67.5 square miles. 64.2 square miles (166.4 km2) of it is land and 3.2 square miles (8.4 km2) of it is water, comprising 4.79% of the city. Concord is drained by the Merrimack River. Penacook Lake is in the west. The highest point in Concord is 860 feet (260 m) above sea level on Oak Hill, just west of the hill's 970-foot (300 m) summit in neighboring Loudon.
Concord lies fully within the Merrimack River watershed, and is centered on the river, which runs from northwest to southeast through the city. Downtown is locat-ed on a low terrace to the west of the river, with residential neighborhoods climbing hills to the west and extending southwards towards the town of Bow. To the east of the Merrimack, atop a 100-foot (30 m) bluff, is a flat, sandy plain known as Concord Heights, which has seen most of the city's commercial development since 1960. The eastern boundary of Concord (with the town of Pembroke) is formed by the Soucook River, a tributary of the Merrimack. The Turkey River winds through the southwestern quarter of the city, passing through the campus of St. Paul's School before entering the Merrimack River in Bow. In the northern part of the city, the Contoocook River enters the Merrimack at the village of Penacook. Other village centers in the city include West Concord (actually north of downtown, on the west side of the Merrimack) and East Concord (also north of downtown, but on the east side of the Merrimack). Source: www.wikipedia.org
market informationpage 9
125 Loudon Road | Concord, NH
market overview
7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 56,400 stores in 18 countries, of which nearly 10,500 are in North America. 7-Eleven also is one of the nation's largest independent gasoline retailers. Its company’s name was changed from The Southland Corporation to 7-Eleven, Inc. after approval by shareholders on April 28, 1999.
Founded in 1927 in Dallas, Texas, 7-Eleven pioneered the convenience store concept during its first years of operation as an ice company when its retail outlets began selling milk, bread and eggs as a convenience to guests. The name 7-Eleven originated in 1946 when the stores were open from 7 a.m. to 11 p.m. Today, offering busy shoppers 24-hour convenience, seven days a week is the cornerstone of 7-Eleven's business. 7-Eleven focuses on meeting the needs of convenience-oriented guests by providing a broad selection of fresh, high-quality products and services at everyday fair prices, speedy transactions and a clean, friendly shopping environment. Each store's selection of about 2,500 different products and services is tailored to meet the needs and preferences of local guests. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners for great visibility and easy access. Well known for the Big Gulp® fountain soft drink, Big Bite® grill items, the Slurpee® beverage and its fresh-brewed coffee, 7-Eleven’s food service offerings bring guests a proprietary line of prepared-fresh-daily and daily delivered deli sandwiches, wraps, breakfast sandwiches and a wide assortment fruits, salads and baked goods. 7-Eleven offers consumers a number of convenient services designed to meet the specific needs of individual neighborhoods, including automated money orders, automatic teller machines, phone cards and, where available, lottery tickets.
The company operates, franchises and licenses approximately 8,600 stores in the U.S. and Canada. Of the close to 7,800 stores the company operates and franchises in the United States, more than 6,400 are franchised. Outside of the U.S. and Canada, there are more than 47,800 7 Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark and United Arab Emirates. 7-Eleven has announced plans to open stores in Vietnam. 7-Eleven, Inc. is privately held and became a wholly owned subsidiary of Seven-Eleven Japan Co., Ltd. in Tokyo, Japan, and its affiliates on Nov. 9, 2005. Source: www.7-eleven.com
tenant profilespage 10
125 Loudon Road | Concord, NH
tenant profile
Year Founded 1927
Headquarters Dallas, TX
Website www.7-eleven.com
Total Locations 56,400+
Total System Sales $88.3 Billion
S&P Credit Rating AA-
*Representative Photo
Dunkin' Donuts is the world's leading baked goods and coffee chain, serving more than 3 million customers per day. Dunkin' Donuts sells 52 varieties of donuts and more than a dozen coffee beverages as well as an array of bagels, breakfast sandwiches and other baked goods. Today, there are more than 11,300 Dunkin’ Donuts restaurants worldwide – more than 8,000 Dunkin’ Donuts restaurants in 41 states in the U.S. plus the District of Columbia, and more than 3,200 international restaurants in 36 countries. Dunkin' Donuts® brand is licensed to The J.M. Smucker Company for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, and drug stores. This information does not pertain to Dunkin' Donuts® coffee or other products for sale in Dunkin' Donuts® restaurants. Keurig® and K-Cup® are trademarks of Keurig Green Mountain, Inc. Source: www.DunkinDonuts.com
Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of February 29, 2016, the company operated 8,177 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Source: www.wikipedia.com
Since 1955, McDonald’s has been proud to serve the world some of its favorite food. And along the way, they’ve managed not just to live history, but create it: from drive-thru restaurants to Chicken McNuggets to college credits from Hamburger U and much more. It’s been quite the journey, and they promise this is just the beginning- they’ve got our hearts set on making more history. The Company continues to strive to find new ways to strengthen the nutritional profile of our menu items while maintaining the great tastes our customers expect. And while nutrition concepts vary around the world, some are nearly universal, such as the value of eating a variety of foods from recommended food groups. McDonald’s wants to help make it easier for customers to eat from these food groups by serving more menu items that include fruits, vegetables, low-fat dairy and whole grains. Source: www.McDonalds.com
*Representative Photo
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tenant profilespage 11
125 Loudon Road | Concord, NH
nearby retailers
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