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67 S River RdBedford, NH 03110
Chase Bank Bedford, NH
Asset ClassRetail
Cap Rate5%
Deal Size: $3.2 MRetail SF: 3,346Lease-Term Remaining: 15 YearsAccess Data Room
New 15-Year Chase Bank | 5.00% CAP | $3.2M | Bedford, NH
overview of deal

Overview

Atlantic Capital Partners is pleased to present the sale of a newly constructed Chase Bank located at 67- 69 South River Road in Bedford, New Hampshire. This 3,346 SF prototype branch is currently under construction, with a projected opening date in Q4 2024. The property is strategically positioned on South River Road, Bedford’s primary retail corridor, which boasts a strong tenant lineup including Whole Foods, Lowe’s, Target, Trader Joe’s, Hannaford, and HomeGoods.

 

The site offers exceptional visibility along US-3 and convenient access to Interstate 293, which experiences a daily traffic volume of 86,908 vehicles. Chase Bank has secured a 15-year Ground Lease, set to commence in Q4 2024. The lease includes six five-year renewal options and features 10% rent escalations at the start of each option period and through the initial term. The current annual rent is $160,000. This investment offers a unique combination of new construction, minimal landlord responsibilities, and stable, long-term passive income.

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Investment Highlights

NEW 15-YEAR NNN GROUND LEASE

NNN Ground Lease affords investors with zero landlord responsibilities and a completely passive income stream

 

ATTRACTIVE RENTAL INCREASES

10% rent increases every 5 years throughout the initial term and at the beginning of each option period

 

ROBUST DEMOGRAPHICS

147,646 people earning over $115,000 within a 5-mile radius

 

LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR

Situated along South River Road which sees 30,744 VPD with easy access to Interstate 293 (86,908 VPD)

 

CORPORATE GUARANTEE FROM INVESTMENT-GRADE TENANT

JPMorgan Chase has a Market Cap of $555B (NYSE: JPM) and has a credit rating of A+ (S&P)

 

RETAIL AND COMMERCIAL HUB | BEDFORD, NH

Major Retailers: South River Road is home to prominent stores such as Whole Foods, Lowe's, Target, Trader Joe's. Hannaford, and HomeGoods, making it a central shopping destination

High Demand: The combination of retail strength, strategic location, and community growth makes Bedford a sought-after location for new businesses and investments

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67 S River RdBedford, NH 03110

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Listing provided by Revere CRE