December 27, 2023 – Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of Irving Gas and Convenience Store in Manchester, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,200,000.
The Irving Gas & Convenience Store is located at 785 Goffs Falls Road in Manchester, NH. The Property consists of a 3,514 square foot freestanding building with 12 fueling stations on a 1.06-acre corner lot. Irving Oil has 15+ years remaining on their Absolute NNN Ground Lease with five (5), 5-year renewal options. The corporate ground lease calls for 9.0% rent increases every five years throughout the primary lease term and at the start of each renewal term. Irving Gas Station & Convenience Store is positioned at the signalized intersection of Goffs Falls Road and S Willow Street (NH Route 28), the area’s primary commercial corridor. The Property enjoys outstanding visibility, signage, and several points of access along both S Willow Street (NH Route 28) and Goffs Falls Road. The Property is surrounded by large shopping centers, national retailers and more than 10 major automotive dealerships. Additionally, the Property is just 0.5-miles from Interstate 293, the Mall of New Hampshire, and the Manchester-Boston Regional Airport.
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.