January 4, 2024 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Family Dollar Building in Manchester, New Hampshire. Horvath & Tremblay exclusively represented the Seller to complete the transaction at a sale price of $1,740,000.
The Family Dollar Building is located at 130 West Hancock Street in Manchester, New Hampshire. The two-tenant Property is improved with Family Dollar and Nault’s Powersports is positioned on a 0.75-acre corner parcel. Family Dollar has been at this location since 2012 and has 1+ years remaining on their lease with six (6), 5-Year renewal options. Nault’s Powersports currently occupies 1,628 square feet of first floor cold retail space and 4,843 square feet of storage space in the basement of the building and will sign a new 5-year lease upon close of escrow. Family Dollar’s lease calls for attractive 10% rent increases at the start of their renewal options. Both Family Dollar and Nault’s Powersports have net leases with minimal Landlord responsibilities. The tenants reimburse their pro-rata share of all operating expenses, repairs, and maintenance of the property. The Property is positioned at the signalized intersection of W Hancock Street and Second Street, the area’s primary commercial corridor traversing the west-side of Manchester. The Property enjoys outstanding frontage and visibility and is seconds from Interstate 293. The Property enjoys convenient access to Queen City Avenue and Granite Street, both of which connect the area with downtown Manchester. The Property is also a short drive from Catholic Medical Center and several area colleges and universities.
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.