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106 Herrick Street, Merrimack, NH, 03054

NVA
$4,901,167

Key Information

Cap Rate
6%
$ per SF
$575
Lot Size
1.51 Acres
Year Built
2025
Term Remaining
±15 Years
Type
Healthcare
Occupancy
100%
NOI
$294,070
Leasable Area
8,512

Highlights

  • Stable Investment – The property is backed by a long-term NNN lease with ±15 years remaining and dependable 2% annual rent increases, providing consistent income growth and long-term security for investors.
  • Healthcare Real Estate | Recession Resistant Property – Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Prime Location – The ±8,000 SF practice is extremely well located along Beachwood Dr, offering excellent visibility and easy access to major transportation routes, including CA-99 and SR-59. This asset benefits from favorable demographics, with a population of over 137,000 within a 5-mile radius of the site.
  • Established Platform – National Veterinary Associates (NVA) partners with locally led veterinary hospitals that offer a full spectrum of medical, surgical, and preventive services. Supported by NVA’s scale, operational expertise, and long-term investment approach, these multi-doctor practices deliver consistent, high quality care while maintaining clinical autonomy and supporting sustained growth across general practice, specialty, and emergency services.
  • New Construction – Newly constructed, purpose-built veterinary facility completed in 2025.
  • Scheduled Rental Increases | Hedge Against Inflation – The lease features 2% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
  • Strategic Location – This well-positioned clinic benefits from strong visibility and convenient access in Merrimack, a growing suburban market within the Manchester–Nashua MSA. Located near major commuter routes and surrounded by established residential neighborhoods and retail corridors, the site supports consistent traffic and sustained long-term demand.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 075994 (NH)
Bang Realty- New England, Inc.
11427 Reed Hartman Hwy Suite 236, Cincinnati, OH 45241