September 1, 2021 – Todd Tremblay, Bob Horvath and Hobart Hare of Horvath & Tremblay have successfully completed the sale of Franklin Savings Bank in Merrimack, New Hampshire. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,465,000.
Franklin Savings Bank is located at 1 Dobson Way in Merrimack, New Hampshire. The property was constructed in 2017 contains 2,151 square feet on a 0.97-acre parcel. The Franklin Savings Bank lease has 11 years remaining on a 15-year Absolute NNN Lease with five (5), 5-year renewal options. The lease features attractive 10% rent increases every 5-years throughout the base term and each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The Property is well-located along Dobson Way, adjacent to the signalized intersection of Continental Boulevard and Camp Sargent Road. The Property is surrounded by national retailers and is shadow anchored by Shaw’s. Additionally, the Property is 0.1-miles from the Everett Turnpike and 0.3-miles from US Route 3.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.