Horvath & Tremblay sells two retail properties for $6,293,478

Claremont, NH Horvath & Tremblay has completed the sale of two commercial properties in New England for a total of $6,293,478.

Matt Nadler, Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have completed the sale of a Chipotle in Claremont, N.H. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,643,478. Chipotle is located at 384 Washington St. Chipotle has 14 years remaining on its Double Net (NN) Lease with four, five-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The new construction Chipotle is well-located along Washington St. (NH Rte. 103), the area’s primary commercial and commuter corridor. The property is positioned in a commercial cluster and is surrounded by retailers and restaurants that drive traffic to the area. The property is also convenient to downtown Claremont and residential neighborhoods providing a built-in customer base. The property is positioned along NH Rte. 103 and offers access to state roads and interstates, area schools, Valley Regional Hospital, Claremont Motorsports Park and River Valley Community College. 

Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have also completed the sale of a Best Friends Pet Care in Sudbury, Mass. Horvath & Tremblay exclusively represented the seller and secured the buyer to complete the transaction at a sale price of $3.65 million. Best Friends Pet Care is located at 150 Boston Post Rd. The build-to-suit property was constructed in 1999, and Best Friends Pet Care has nine years remaining on their Absolute NNN lease with two, five-year renewal options. The lease features 1.5% annual rent increases throughout the primary lease term and renewal options. Best Friends Pet Care is located along Boston Post Rd., the area’s primary commercial and commuter corridor. The build-to-suit property has outstanding frontage and visibility along Goodman’s Hill Rd., and is convenient to the town’s commercial district, which is home to grocers retailers and restaurants. The property is also close to several large apartment communities and residential neighborhoods providing a built-in customer base.