October 24, 2021 – Bob Horvath, Todd Tremblay, and Brian Ahrens of Horvath & Tremblay have successfully completed the sale of the Saco Crossing Retail Plaza in North Conway, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4,000,000.
Saco Crossing Retail Plaza is located on Route 16 in North Conway, New Hampshire, in the commercial center of North Conway’s shopping district. The retail plaza contains 16,794 square feet of gross leasable area and is currently 100% leased to 6 tenants – Northway Bank, Subway, GNC, Mattress Firm, Books-A-Million and Katie’s Nail Salon. Saco Crossing is situated at the start of the Route 16 commercial corridor, which includes most of the Mount Washington Valley’s retail, dining, lodging and entertainment options. The Property is also located across the street from Settler’s Green, a popular 300,000 square foot shopping center with over 75 stores, that drives considerable traffic to the area. The highly-visible Property boasts excellent street frontage with two points of access on the heavily-travelled Route 16. North Conway, in tax-free New Hampshire, is a popular destination for outlet shopping as well as the gateway to a multitude of local attractions including Mount Washington, Story Land, excellent hiking, biking and rock climbing and several ski resorts including nearby Cranmore, Bretton Woods, Attitash and Wildcat. North Conway and The Mount Washington Valley are a top New England year-round tourist destination with over 11 million visitors annually. Notable retailers drawing consumers and driving traffic to the immediate area around the Property include Settlers Green, Walmart Supercenter, Hannaford Supermarket, Lowe’s Home Improvement, Shaw’s Supermarket, CVS, Walgreens, LL Bean, TJ Maxx, Christmas Tree Shops, Starbucks and The Mountain Valley Cinemas.
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.