December 23, 2024 – Bob Horvath, Todd Tremblay and Jason Woods of Horvath & Tremblay have successfully completed the sale of Chipotle & Aspen Dental in North Conway, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,800,000.
The Property is located at 1549 White Mountain Highway in North Conway, New Hampshire. The build to suit, two-tenant plaza is improved with Chipotle and Aspen Dental and contains 6,197 square feet on a 1.61-acre parcel. The Property was completed in 2021, Chipotle has 6+ years remaining on their lease with four (4), 5-Year renewal options. Aspen Dental has 9+ years remaining on their lease with three (3), 5-year renewal options. Both leases call for attractive rent increases every 5-years throughout their primary lease terms and at the start of their renewal options. Additionally, both tenants reimburse their pro-rata share of all operating expenses, repairs, and maintenance of the property, making it an attractive investment for the passive real estate investor. The Property is situated in one of the best locations in North Conway to capture passing motorists on the heavily travelled US Route 302/NH Route 16 commercial corridor (White Mountain Highway) which includes most of the area’s retail, dining, lodging and entertainment options. The Property is also located adjacent to the entrance for Settler’s Green, a popular 75-store, 500,000 square foot shopping center which helps drive considerable traffic to the area.
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.