November 21, 2022 – Aaron Huntley, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Jiffy Lube in Derry, New Hampshire. Horvath & Tremblay exclusively represented the seller in this transaction and procured the buyer at a sale price of $1,076,000.
Jiffy Lube is located at 6 Ashleigh Drive in Derry, New Hampshire. Jiffy Lube lease has been at this location since 2015 and has 3+ years of term remaining on their Lease with two (2), 5-year renewal options. The lease calls for attractive 12% rent increases at the start of each remaining renewal option. The Property is strategically located adjacent to the signalized intersection of Ashleigh Drive and Manchester Road (NH Route 28), the area’s primary retail and commuter corridor. The Property benefits from good visibility and frontage from both roadways, ample parking, a drive-thru, and is surrounded by national retailers, including the area’s primary grocery stores. The Property also offers convenient access to exits 4 and 5 off of Interstate 93. More than 29,200 vehicles pass the Property each day at the intersection of Manchester Road (NH Route 28) and Ashleigh Drive.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.