Matthews Logo

Navigation Menu

58 Suncook Valley Road, Alton, NH, 3809

DOLLAR GENERAL
$1,768,636

Photos

Highlights

INVESTMENT HIGHLIGHTS

LEASE & LOCATION:

  • 2016 build-to-suit construction for Dollar General
  • Dollar General extended the lease 8-years early to a brand new 15-year term and added rent increases (strong sign of long-term commitment)
  • Ranks in the top 30% of all Dollar General stores (Placer.ai)
  • 5% rental increases every 5-years for the life of the lease
  • 13.25-years remaining on an Absolute NNN lease
  • Zero landlord management responsibilities
  • Average household income of $137,338 annually
  • Located next to Lake Winnipesaukee – the largest lake in the state of New Hampshire
  • Alton is located within the Southwest New Hampshire roughly 25-miles north of Concord

TENANT:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General boasts an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
  • Dollar General has a Market Cap of over 25 Billion

Location

Agents

Broker of Record

Brian Brockman

License # 075994 (NH)
Matthews Real Estate Investment Services, Inc
11427 Reed Hartman Hwy Suite 236, Cincinnati, OH 45241

Key Information

Cap Rate
6.6%
Tot. SF
9,329
Year Built
2016
Term Remaining
±13.25 YRS
Type
Retail