Description

We are pleased to present this opportunity. 501 Main St. is a Dollar General retail property for sale at 501 Main Street in Walpole, NH. Its 9,100 SF of gross leasable area gives investors a defined retail asset anchored by a named tenant.

Built in 2019 on 1.87 acres, the building features brick and HardiePlank siding. Dollar General recently completed an in-store remodel at its expense. For a retail investor, the building’s size, site area and tenant identity make this a straightforward property to review: the physical asset and its current retail use can be considered alongside the income figures, without relying on a change of use to frame the acquisition.

The property sits on Main Street, described as Walpole’s main retail thoroughfare. Nearby retailers include Walgreens, Shaw’s, Tractor Supply and Dunkin’, while the Residences at Abenaki Springs are behind the property. That setting places Dollar General among other retail destinations and close to residential uses. Walpole is on the New Hampshire and Vermont border, less than an hour from Okemo and Mount Snow ski resorts.

The asking price is $1,542,800, with $108,000 in NOI and a 7% cap rate. Together, those figures give buyers a clear starting point for underwriting the existing income against the purchase price. The tenant’s recent remodel adds context to that investment review, while the Main Street setting and surrounding retailers speak to the property’s retail position.