March 26, 2025 – Bob Horvath, Todd Tremblay, Aaron Huntley and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of a CVS in Dover, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4,180,475.
CVS is located at 181 Silver Street in Dover, New Hampshire. CVS has 14+ years remaining on their Absolute NNN Ground Lease with a five (5), 5-year renewal options. The CVS lease calls for rare and attractive rent increases throughout the primary lease term and at the start of each of their renewal options. The Property is situated within Silver Square, a five-unit mixed-use condominium development positioned at the intersection (rotary) of Silver Street (NH Route 9), Knox Marsh Road and the Spaulding Turnpike on ramp. In addition to CVS, Silver Square is home to the Residence at Silver Square, a 76-unit, 55+ Independent, Assisted, and Memory Care Living Facility, the Garrison Hotel & Suites, a 66-room boutique hotel that is part of the Ascend Hotel Collection, and a freestanding Dunkin’ situated at the entrance to the development. Silver Square also contains a fifth unit that has not yet been developed. The Property is adjacent to the Spaulding Turnpike, the area’s primary commuter highway and enjoys excellent signage and visibility along the heavily traveled roadway. CVS is 1-mile from Downtown Dover, with convenient access to residential communities, area schools, municipal offices, the area’s light industrial parks and the Wentworth-Douglass Hospital.
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.