June 22, 2022 – Hobart Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Granite Hill Shoppes in Hooksett, New Hampshire. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $5,000,000.
Granite Hill Shoppes is located at 1461 Hooksett Road in Hooksett, New Hampshire. The multi-tenant retail and office center is comprised of three interconnected buildings and contains 9,784 square feet of gross leasable area on a 3.73-acre corner lot. The Property is currently 100% leased to fifteen (15) tenants, with a diverse tenant profile, including a offices, service tenants and restaurants. Additionally, the Property offers upside through the development of the pad site, which has been approved for an additional 2,400 square foot retail/bank building with drive-thru. All of the leases but one in the center are double net and the many of the leases feature attractive fixed rent increases throughout the primary lease terms or in the renewal options. Granite Hill Shoppes is located at the signalized intersection of Hooksett Road (US Route 3/NH Route 28), the area’s primary commercial and commuter corridor, and Thames Road with two points of access. The Property is 3.5-miles from Interstate 93 and enjoys close proximity to Southern New Hampshire University, a private university with a student and faculty population of approximately 10,000.
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.