December 29, 2020 – Hobart Hare of Horvath & Tremblay have successfully completed the sale of Rite Aid in Merrimack, New Hampshire. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,184,929.
Rite Aid is located at 416 Daniel Webster Highway (US Route 3) in Merrimack, New Hampshire. The stand-alone building contains 11,220 square feet, including a drive through on a 3.39-acre parcel. Originally developed in 1997, Rite Aid recently executed a 10-year renewal option demonstrating their commitment to the site and market. Rite Aid has 9+ years remaining on a Triple Net Lease. Rite Aid is extremely well located on Daniel Webster Highway (US Route 3), the area’s primary retail corridor with excellent visibility and signage. Rite Aid benefits from dedicated turning lanes at a stop light immediately in front of the property. Merrimack sits in between Nashua and Manchester, the two largest cities in southern New Hampshire, and are connected by US Route 3.
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.