April 25, 2022 – Brad Canova and Adam Siegel of Horvath & Tremblay have successfully completed the sale of Rite Aid in Milford, New Hampshire. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,133,333.
Rite Aid is located at 15 Mont Vernon Street in Milford, New Hampshire. The Property consists of an 11,440 square foot building on a 1.23-acre parcel with a large parking field and a drive-thru. Rite Aid demonstrated their commitment to this location and the market by executing a new lease extension. Rite Aid has 10+ years remaining on their Absolute NNN Lease with one (1), 5-year renewal option. The Lease calls for a scheduled rent increase at the start of their renewal option. The lease is fully guaranteed by Rite Aid Corporation. Rite Aid is well positioned at the intersection of Mont Vernon Road, one of the areas primary commuter and commercial corridor, and Grove Street. The Property is located in the center of Milford and enjoys convenient access to area schools, national retailers and NH Highway 101, which connects the area with Manchester.
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.