January 29, 2021 – Bob Horvath of Horvath & Tremblay has successfully completed the sale of Rite Aid in Hooksett, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,150,000.
Rite Aid is located at 1285 Hooksett Road (US Route 3) in Hooksett, New Hampshire. The stand-alone building contains 10,752 square feet, including a drive through on a 1.34-acre parcel. Originally developed in 1996, Rite Aid has 3+ years remaining on an Absolute NNN Lease. Additionally, Rite Aid has three (3), 5-year renewal options, each with an attractive rent increase. Rite Aid is extremely well located on Hooksett Road (US Route 3), 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 29,000 vehicles per day pass through the signalized intersection of Hooksett Road and Clough Avenue. Hooksett is located along the banks of the Merrimack River and is within 10-miles of both Manchester and Concord, two of New Hampshire’s largest cities.
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.