October 28, 2024 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a new construction Irving Gas and Convenience Store in Franklin, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,750,000.
The Irving Gas & Convenience Store is located at 901 Central Road in Franklin, New Hampshire. The new construction Property consists of a 4,350 square foot freestanding building with 10 fueling stations on a 1.68-acre corner lot. Irving Gas Station & Convenience Store opened in December of 2023 and Irving Oil has 19+ years remaining on their Triple Net (NNN) Lease with four (4), 5-year renewal options. The corporate ground lease calls for 10% rent increases every five years throughout the primary lease term and at the start of each renewal term. Irving Gas Station & Convenience Store is positioned at the intersection of Damy Drive and Central Street (US Route 3), the area’s primary commercial and commuter corridor. The new construction Property enjoys outstanding frontage and visibility and is surrounded by national retailers driving traffic to the area. The Property shares an intersection with CVS and is within 1.5-miles of the Winnisquam Regional High School, Franklin High School, and the Concord Hospital – Franklin. The Property is also less than 4-miles from the Tanger Outlets of Tilton. Irving Gas & Convenience Store enjoys convenient access to Interstate 93, US Route 4 and NH Routes 11, 127, and 132, and US Route 3 provides direct access to New Hampshire’s Lakes Region, one of New England’s most popular tourist destinations in the summer and fall months.
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.