July 8, 2024 – Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of the Lafayette Road Plaza in Hampton, New Hampshire. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,425,000.
The Property is located at 356 Lafayette Road in Hampton, New Hampshire (the “Property”). Lafayette Road Plaza is a 16,354 square foot retail plaza on a 1.62-acre parcel. The Property was formerly anchored by Rite Aid and is home to two well-established tenants, Stillwell’s Ice Cream and Las Olas Taqueria. The Retail center offers upside through the lease up of the former Rite Aid space at market rates. The Lafayette Road Plaza is positioned along Lafayette Road (US Route 1), the area’s primary commercial and commuter corridor. The Property has outstanding visibility, frontage and access and is located in the center of town with convenient access to NH Routes 101, 101E and 27 as well as Interstate 95. The Property is close to area schools, municipal buildings and national retailers that drive traffic to the area. The Town of Hampton is located in the southeast corner of the state along the shore of the Atlantic Ocean and encompasses 14.2 square miles. Hampton has a year-round population of nearly 16,000 people and a seasonal population of approximately 100,000. Additionally, Hampton is just 45-miles north of Boston, MA and 60-miles south of Portland, ME.
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.