June 10, 2022 – Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Rite Aid in Claremont, New Hampshire. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,338,000.
Rite Aid is located at 73 Pleasant Street in Claremont, New Hampshire. The stand-alone building contains 13,515 square feet on a 1.41-acre parcel. Rite Aid has operated at this location for more than 20 years and recently executed a sale-leaseback demonstrating their commitment to the site and the market. Rite Aid signed a new 15-year Absolute NNN lease with nine (9), 5-year renewal options. The lease features attractive 5% rent increases every 5-years throughout the base term and renewal options. Rite Aid is located along Pleasant Street (NH Route 12) and is positioned at the intersection of Pleasant Street, Glidden Street and School Street in the center of Claremont. The Property benefits from excellent signage, two points of entry and egress and is surrounded by national retailers, schools, and municipal offices. The Property is also just a few miles from Interstate 91 and US Route 5, the area’s primary roadways.
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.