March 23, 2021 – Dan Bernardini and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Rite Aid in Concord, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,918,000.
Rite Aid is located at 165 North State Street (US Route 3) in Concord, New Hampshire. The stand-alone building contains 14,693 square feet, including a drive through on a 2.06-acre parcel. Rite Aid signed a new 15-year absolute NNN Lease, demonstrating their commitment to the location and the market. Rite Aid has nine (9), 5-year renewal options, each with an attractive rent increase. Rite Aid is extremely well located on North State Street (US Route 3), the area’s primary retail corridor with excellent visibility and signage. Rite Aid benefits from three points of entry and egress and is adjacent to a signalized intersection. Rite Aid benefits from close proximity to Interstate’s 93 and 393, US Route 202 and the Concord Hospital.
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.