January 15, 2021 – Bob Horvath of Horvath & Tremblay has successfully completed the sale of Rite Aid in Derry, New Hampshire. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $5,871,000.
Rite Aid is located at 52 Rockingham Road (Route 28) in Derry, New Hampshire. The stand-alone building contains 14,564 square feet, including a drive through on a 2.28-acre parcel. Originally developed in 2008, Rite Aid has 7+ years remaining on a Double Net Lease. Rite Aid is extremely well located on Rockingham Road (Route 28), the area’s primary retail corridor with excellent visibility and signage. Rite Aid benefits from four points of entry and egress and is at a signalized intersection. Rite Aid sees more than 45,000 vehicles per day pass through the signalized intersection of Rockingham Road and Birch Street. Additionally, the property is less than ¼-mile from the Parkland Medical Center, a full-service hospital that serves the surrounding area. Derry is a growing community that has become an attractive and cost-effective residential community for commuters working along the Route 128 Technology Corridor in Massachusetts (30 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.