January 29, 2025 – Bob Horvath, Todd Tremblay, Matt Nadler and Jason Woods of Horvath & Tremblay have successfully completed the sale of Tractor Supply Company in North Conway, New Hampshire. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $8,000,000. The seller was represented by Matt Halprin of New England Retail Properties.
Tractor Supply Company is located at 170 North-South Road in North Conway, New Hampshire. The build to suit, single-tenant, net-leased Tractor Supply Company was constructed in 2024 and contains 19,028 square feet on a 4.20-acre parcel, with an additional exterior garden center of 22,000 square feet. Tractor Supply Company has a new 20-year double-net lease with four (4), 5-year renewal options. The Lease calls for 5.0% rent increases every 5 years throughout the primary lease term and at the start of each renewal option. Tractor Supply Company is responsible for all operating expenses at the Property, including CAM, Real Estate Taxes, and Insurance. The Property is strategically located next to the Settlers Green Outlet Village in the center of North Conway’s primary retail trade area. Tractor Supply Company is adjacent to several large shopping centers, grocery stores, big-box retailers, and national restaurants (Walmart Supercenter, Lowe’s, Home Depot, Shaw’s, Hannaford, Market Basket) that drive significant traffic and provide a robust consumer base.
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.