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Penacook Family Physicians (Concord Hospital)

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INVESTMENT OFFERING

SAB Capital is pleased to present Penacook Family Physicians (Concord Hospital) in Concord, NH, just 70 miles northwest of Boston. This lease features a net lease (condo) structure with 2.5% annual rent escalations. Ideally located less than 2 miles from I-93, the property benefits from strong location fundamentals. The tenant, a well-established operator with significant regional presence and community reliance, holds a strong Fitch credit rating of AA-.

  • Concord Hospital in Concord, NH | 70 Miles Northwest of Boston
  • Structured Hedge Against Inflation | 2% Annually
  • Local Population Growth | 3.5% Increase in 5 Mile Radius Since 2020
  • Close Proximity to Interstate Highway | Under 2 Miles From I-93
  • Strong Location Fundamentals | Located Near Merrimack Middle School & High School
  • Mission Critical Location | Easy Access to Public Transportation (Washington St. Bus Stop)
  • Experienced Operator | Strong Regional Dominance and Community Reliance (Fitch: AA-)
  • Plans For Development | Concord Currently Has 570 Apartment Units that are Under Construction or Have Been Completed Recently

Tenant Price Cap Rate Lease Type Square Feet Status
Penacook Family Physicians $4,873,201 6.75% Net Lease (Condo) 10,613 Available

Mark Pomella

VICE PRESIDENT | INVESTMENT SALES

Dave Gollenberg

SENIOR ASSOCIATE | INVESTMENT SALES
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