May 5, 2020 – Bob Horvath of Horvath & Tremblay has successfully completed the sale of Tractor Supply Company in Lebanon, New Hampshire. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $5,545,786.
The Tractor Supply Company is located at 360 Miracle Mile (Route 4) in Lebanon, New Hampshire. The stand-alone building was constructed in 2015 for Tractor Supply, and consists of 19,097 square feet on 3.87 acres of land. Tractor Supply Company has 10 years remaining on a corporately backed, Double-Net Lease with four (5-Year Options). The lease features 10% rent increases every five years throughout both the current term and the option periods. Tractor Supply Company is strategically positioned in between Timken Aerospace and Price Chopper, both of which are significant traffic drivers for the area. Furthermore, the property is just seconds from Interstate 89 and is less than 2-miles from Interstate 91. This location serves west-central New Hampshire, with the next closest location more than 25 miles away.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.