December 9, 2024 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Ledyard National Bank in West Lebanon, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,046,338.
Ledyard National Bank is located at 67 Main Street in West Lebanon, New Hampshire. Ledyard National Bank has been operating at this location for over 27 years (since 1997) 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 well located along Main Street (US Route 4), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility, and access in the center of West Lebanon and is surrounded by national and local retailers, municipal offices, and area schools, all of which drive traffic to the area. West Lebanon’s strategic location at the junction of Interstates 89 and 91 makes it a key gateway to both New Hampshire and Vermont. This connectivity has facilitated its growth as a commercial center, attracting a variety of businesses, from big-box retailers to local shops and restaurants. The proximity to Dartmouth College, located just a few miles away in Hanover, also contributes to the area’s economy, vibrant cultural, and academic atmosphere.
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.