October 18, 2024 – Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of a Taco Bell & Aroma Joe’s in Manchester, New Hampshire. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,811,000.
Taco Bell and Aroma Joe’s are located at 525 Hooksett Road (US Route 3) in Manchester, New Hampshire. The Property is comprised of two new construction single-tenant buildings on a 1.24-acre parcel of land. Taco Bell has 24+ years remaining on their Triple Net Ground Lease with two (2), 10-year renewal options. Aroma Joe’s has 9+ years remaining on their Triple Net Ground Lease with three (3), 5-year renewal options. Both leases call for attractive 10% rent increases every 5 years throughout the primary lease terms and in the renewal option periods. Taco Bell & Aroma Joe’s are well located along Hooksett Road (US Route 3), the area’s primary commercial and commuter corridor in the North End of Manchester. Positioned adjacent to the signalized entrance for The North End Shops at Livingston Park, the Property enjoys outstanding frontage, visibility and access. The Property is positioned in between Southern New Hampshire University and Downtown Manchester along Hooksett Road (US Route 3), the area’s primary commercial and commuter corridor. The Property enjoys convenient access to the area’s major highways (0.5-miles from Interstate 93 and 1.8-miles from Interstate 293) and is surrounded by densely populated residential neighborhoods that provide a built-in customer base. Additionally, the Property is also close to area schools, the Manchester VA Medical Center, Downtown Manchester, and the banks of the Merrimack River.
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.