February 28, 2023 – Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of ConvenientMD in Plaistow, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,110,169.
ConvenientMD is located at 49 Plaistow Road in Plaistow, New Hampshire. The stand-alone building was constructed for ConvenientMD in 2022 and contains 5,150 square feet, on a 0.83-acre lot. ConvenientMD has a 15-year Absolute NNN lease with four (4), 5-year renewal options. The lease includes 10% rental increases every five years throughout the initial term and at the start of each of the renewal options. ConvenientMD is extremely well located along Plaistow Road (NH Route 125), the area’s primary commercial and commuter corridor. The Property benefits from outstanding visibility, frontage and access and is positioned at a signalized intersection that it shares with the primary entrance to the Walmart and Home Depot anchored center and is just seconds from a Market Basket and Kohl’s anchored center. ConvenientMD is surrounded by national retailers and is 2-miles from the heavily trafficked junction of Route 125 and Interstate 495.
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.