June 6, 2017 – Horvath & Tremblay has successfully completed the sale of a Midas and Jiffy Lube retail center located in North Hampton, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $2,650,000.
The 10,606-square foot retail center located at 27 Lafayette Road (US Route1) in North Hampton, New Hampshire was constructed in 2004 and is anchored by Midas and Jiffy Lube that collectively make up 61% of the gross leasable area. Each tenant has approximately 8 years remaining on their original twenty year lease terms. The remaining tenants include Sea Breeze Sleep and Medical Services, a medical supply and uniform retailer and Salon 7, an upscale, full-service, hair salon.
The property is located along a highly trafficked retail corridor along Route 1 in the beautiful New Hampshire seacoast town of North Hampton. The retail center is located adjacent to a Home Depot, Shaw’s Grocery Market, Marshall’s shopping center and is also within half a mile of AutoZone, LL Bean Outlet, Lumber Liquidators, Dunkin’ Donuts, Subway and Seacoast Harley-Davidson. Additionally, the property offers tremendous visibility and access on a corner lot facing Route 1 that offers two means of egress.
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.