3 Webb Pl Webb Pl, Dover, NH 03820
3,333 SF | Retail Building | Dover, NH 03820 | For Sale
For Sale
Active
- Property Type
-
Retail
- Square Feet
- 3,333 SF
Listing Contacts
Eric Suffoletto
Danny Griffin
- Property Info
Property Overview
Atlantic Capital Partners is pleased to present the sale of a newly constructed Chase Bank located at 1-3 Webb Place in Dover, New Hampshire. This 3,333 SF prototype branch is under construction and is slated to open in Q4 2024. The property is strategically situated at the intersection of High Street and Central Avenue, right in the heart of Dover’s primary retail corridor, which includes prominent retailers
such as Market Basket, Home Depot, Target, Walmart, Hannaford, and HomeGoods.
The site benefits from excellent visibility at a key traffic intersection and provides easy access to Route 16 (Spaulding Turnpike), a major route with a daily traffic volume of approximately 45,000 vehicles. Chase Bank has committed to a 15-year Ground Lease, set to commence in Q4 2024, with six five-year renewal options. The lease includes 10% rent escalations at the start of each option period and throughout the initial term, with a current annual rent of $150,000. This investment combines the advantages of new construction,
zero landlord responsibilities, and a stable, long-term passive income stream.
such as Market Basket, Home Depot, Target, Walmart, Hannaford, and HomeGoods.
The site benefits from excellent visibility at a key traffic intersection and provides easy access to Route 16 (Spaulding Turnpike), a major route with a daily traffic volume of approximately 45,000 vehicles. Chase Bank has committed to a 15-year Ground Lease, set to commence in Q4 2024, with six five-year renewal options. The lease includes 10% rent escalations at the start of each option period and throughout the initial term, with a current annual rent of $150,000. This investment combines the advantages of new construction,
zero landlord responsibilities, and a stable, long-term passive income stream.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 43,124 SF
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