September 1, 2021 – Todd Tremblay, Bob Horvath and RJ Tuller of Horvath & Tremblay have successfully completed the sale of O’Reilly Auto Parts & Sherwin Williams in Epping, New Hampshire. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $4,314,111.
O’Reilly Auto Parts and Sherwin Williams are located at 151 Calef Highway in Epping, New Hampshire. The new construction two-tenant plaza is improved with O’Reilly Auto Parts and Sherwin Williams and contains 11,225 square feet on a 1.52-acre parcel. The Property is under construction with an anticipated completion date in September of 2021. O’Reilly Auto Parts has a 15-year lease with four (4), 5-year renewal options. Sherwin Williams has a 10-year lease with four (4), 5-year renewal options. The O’Reilly Lease calls for a 6.0% rent increases at the start of Lease Year 11 and at the start of each renewal option. The Sherwin Williams Lease calls for a 10% rent increase in year 6 and at the start of the 2nd, 3rd and 4th renewal options. The property is well located along Calef Highway (NH Route 125), the area’s primary commercial corridor and benefits from outstanding visibility and frontage. The location is part of a dominant trade area centered around the junction of Calef Highway (NH Route 125) & NH Route 101, with numerous businesses, national tenants and the Epping School system drawing significant traffic to the area.
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.