December 21, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a retail center in Nashua, New Hampshire. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $4,645,000.
The Retail Center is located at 565-567 & 569 Amherst Street in Nashua, New Hampshire. The build to suit, two-building, three-tenant property is improved with Willie Jewell’s BBQ, Day’s Jewelers, and Coldwell Banker, and contains 10,760 square feet on a 1.24-acre parcel. Willie Jewell’s BBQ has 5+ years remaining on their double net lease with two (2), 5-year renewal options, and 10% rent increases at the start of each renewal option. Day’s Jewelers has 7+ years remaining on their double net lease with four (4), 5-year renewal options, and a 6.67% increase in the base term (2024) as well as significant rent increases at the start of each renewal option. Coldwell Banker has 7+ years remining on their double net lease with two (2), 3-year renewal options, and 2% annual rent increases throughout their base term and renewal options. The property is well located along Amherst Street (NH Route 101A) and benefits from outstanding visibility and frontage. The location is part of a dominant trade area centered around the junction of Amherst Street (NH Route 101A) & the Everett Turnpike (US Route 3), with numerous businesses, national tenants, several area colleges, and the Nashua Airport 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.