Chase Bank | 69 S River Rd
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Chase Bank 69 S River Rd
3,346 SF Retail Building Bedford, NH 03110 $4,550,400 CAD ($1,360 CAD/SF) 5% Cap Rate
Executive Summary
Atlantic Capital Partners is pleased to present a prime investment opportunity: 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.
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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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,346 SF
Building Class
B
Year Built
2024
Price
$4,550,400 CAD
Price Per SF
$1,360 CAD
Cap Rate
5%
NOI
$227,520 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.33 AC
Zoning
PZ
Frontage
83 ft on South River Road
Amenities
- Banking
Nearby Major Retailers
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Chase Bank | 69 S River Rd
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