December 9, 2024 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Ledyard National Bank in New London, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,092,676.
Ledyard National Bank is located at 178 County Road in New London, New Hampshire. Ledyard National Bank has been operating at this location for over 24 years (since 2000) and signed a new 15-year Absolute NNN Lease, with ten (10), 5-year renewal options upon the close of escrow. The lease calls for attractive 10% rent increases every five years throughout the base term and at the beginning of each renewal option. Ledyard National Bank is located at the intersection of Newport Road and County Road, the area’s primary commercial and commuter corridors, in the commercial center of New London. Ledyard National Bank enjoys outstanding frontage, visibility, and access and shares the intersection with the New London Shopping Center, anchored by Hannaford and Ace Hardware, Irving Oil Gas & Convenience Store, and Hubert’s of New London. The Property is 0.2-miles from New London Hospital, and 1.5-miles from Colby-Sawyer College, the area’s primary economic drivers.
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.