February 13, 2023 – Bob Horvath, Todd Tremblay and Chris King of Horvath & Tremblay have successfully completed the sale of Dollar General in Alton, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,645,000.
Dollar General is located at 58 Suncook Valley Road in Alton, New Hampshire. Dollar General has been at this location since it was constructed in 2016 and has 8+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 10% rental increases at the start of each renewal option. The Property is well located along Suncook Valley Road (NH Route 28), one of the area’s primary commuter corridors. The Property benefits from outstanding visibility and frontage and is 0.4-miles from the intersection of NH Routes 11 and 28 in the center of Alton. The area is home to a Hannaford, Aubuchon Hardware, McDonald’s, TD Bank, and Dunkin’ driving traffic to the area. Additionally, the Property is 2.5-miles from Alton Bay, the southernmost tip of Lake Winnipesaukee, one of New England’s most popular tourist destinations and the gateway to New Hampshire’s Lakes region.
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.