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HORVATH & TREMBLAY SELLS STARBUCKS ANCHORED RETAIL CENTER IN DOVER, NH FOR $7M

June 8, 2017 – Horvath & Tremblay has successfully completed the sale of Webb Place Shopping Center in Dover, New Hampshire. Horvath & Tremblay represented the seller and procured the buyer to close the property at a sale price of $7,065,000.

Webb Place Shopping Center is a 18,645 square-foot retail center located on 1.88 acres in Dover, New Hampshire. The retail center is leased to a diverse tenant mix including: Starbucks, Five Guys, Sprint, Convenient MD, and Access Sports Medicine & Orthopedics. Starbucks is located on the end-cap of the center and offers customers the convenience of a drive thru. Webb Place Shopping Center is located at the signalized hard corner intersection of the heavily traveled Indian Brook Road and Central Avenue just off of Spaulding Turnpike and is exposed to traffic counts in excess of 31,000 vehicles per day. The Property is strategically located to service both the local and regional community by way of easy access to the Spaulding Turnpike – a north-south highway connecting Interstate 95 with Portsmouth, NH. National retailers in the area include: Chili’s Grill & Bar, Ninety Nine Restaurant & Pub, Staples, Applebee’s, Sleepy’s, Verizon Wireless, Hampton Inn, Panera Bread, Wendy’s, McDonalds, Pizza Hut, Dunkin Donuts, Friendly’s TD Bank, Walgreens, Shaw’s, Petco, Hannaford Supermarket, Papa Gino’s, AutoZone, Market Basket, and Citizens Bank.

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.