Chase Bank 66 Gilcreast Rd

AREA OVERVIEW: Londonderry's proximity to major transportation routes, including Interstate 93 and Route 101, enhances its accessibility and makes it a convenient location for commuters. The town's strategic location between the cities of Manchester and Nashua further contributes to its desirability for both residential and business purposes. ¦ STRONG DEMOGRAPHICS: Over 33,400 people live within 3-miles of the Property with an average household income of $134,404. More than 34,300 people live within 5-miles of the Property with an average household income of $154,291. An additional 22,800 people work within 5-miles of the property. ¦ HIGH TRAFFIC COUNTS: Approximately 38,700 vehicles per day pass by the property at the intersection of Nashua Road (NH Route 102) and Gilcreast Road. ¦ TRADE AREA: Additional retailers bringing consumers to the immediate trade area include Home Depot, Market Basket, Hannaford, Shaw’s, TJ Maxx, Home Goods, Staples, Walgreens, CVS, Rite Aid, Planet Fitness, AMC Classic, ConvenientMD, DaVita Dialysis, KinderCare, VIP Tires, Town Fair Tire, Advance Auto Parts, 99 Restaurant, Cracker Barrel, Starbucks, Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction JPMorgan Chase Bank ground lease located at 66 Gilcreast Road in Londonderry, New Hampshire (the “Property”). The new construction retail branch will consist of a 3,200 square foot building with a dedicated drive through lane on a 1.27-acre corner parcel. Chase Bank signed a new 15-year ground lease with six (6), five-year renewal options. The Lease call for rent increases of 10% every five years throughout the base term and option periods. The Property is currently under construction with an anticipated rent commencement date of August 1, 2024. The new construction Chase Bank is situated on a corner parcel at the signalized intersection of Gilcreast Road and Nashua Road (NH Route 102), the area’s primary commercial and commuter corridor. The Property features outstanding frontage and visibility and is 0.5-miles from Interstate 93, and approximately 2-miles from the Londonderry schools, Downtown Derry, and the Parkland Medical Center. Chase Bank is surrounded by national retailers including three grocery stores that drive traffic to the area as well as densely populated residential neighborhoods providing a built-in customer base. Londonderry is located in southern New Hampshire in between Manchester, the state’s largest market, and Derry, the state’s fourth largest market. Londonderry is approximately 43-miles north of Boston and is considered part of the Boston MSA., Burger King, Wendy’s, Taco Bell, Jersey Mike’s, Papa Gino’s, Dunkin’, Cumberland Farms, and 7-Eleven.