July 31, 2024 – Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of a Starbucks in Derry, New Hampshire. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,300,000.
Starbucks is located at 68 Crystal Avenue in Derry, New Hampshire. The new construction Starbucks was completed in 2022 and features a 2,093 square foot building with a patio and drive-thru. Starbucks has 8+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five-years throughout the primary lease term and at the start of each of their renewal options. Starbucks is ideally situated adjacent to the intersection of Folsom Road and Crystal Avenue (NH Route 28), one of the area’s primary commercial corridors. The Property is positioned in downtown Derry and is surrounded by national retailers and restaurants driving traffic to the area, and densely populated residential communities and neighborhoods that provide a built-in customer base. Additionally, the Property enjoys convenient access to NH Route 288 and Interstate 93, and is 1.5-miles from the Parkland Medical Center, and 11-miles south of Manchester, the largest city in New Hampshire.
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.