June 27, 2023 – Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Tractor Supply Company in Somersworth, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,550,000.
Tractor Supply Company is located at 211 Route 108 in Somersworth, New Hampshire. The build to suit, single-tenant, net-leased Tractor Supply Company was constructed in 2022 and contains 19,097 square feet on a 4.59-acre parcel with an additional exterior fenced-in display area (with Greenhouse) of 20,000 square feet. Tractor Supply company has a new 20-year double-net lease with four (4), 5-year renewal options. The Lease calls for a 5.0% rent increases every 5 years throughout the primary lease term and at the start of each renewal option. Tractor Supply Company is responsible for all operating expenses at the Property, including CAM, Real Estate Taxes, and Insurance. The Property is strategically located along New Hampshire Route 108, one of the area’s primary commercial and commuter roadways. The Property is close to NH Route 9 and the Spaulding Turnpike, and the area is home to several large shopping centers, grocery stores, big-box retailers, and national restaurants (Walmart Supercenter, Target, Home Depot, Shaw’s, Hannaford, Market Basket) driving traffic to the growing trade area in Somersworth.
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.