September 1, 2017 – Matthew Nadler of Horvath & Tremblay has successfully completed the sale of KFC and Taco Bell in Rindge, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $1,050,000.
KFC and Taco Bell fully occupy the 2,400-square foot building located along Sonja Drive in downtown Rindge, NH. The twenty-year, triple net (NNN) lease was signed in May 1999 and has two years remaining with two, 5-year renewal options. This is a well-established restaurant location having operated at this site since 1999 with above average unit sales. KFC/Taco Bell is franchisee operated by G.F. Enterprise LLC, a 28-unit YUM! operator with Taco Bells, Pizza Hut/Taco Bells, and KFC locations throughout the northeast. KFC/Taco Bell is well positioned central located in the heart of Rindge’s prime retail corridor and benefits from close proximity to the Massachusetts border. The property is in a highly visible location with direct street frontage along Sonja Drive and is easily accessible off Route 202. The property is located directly across the street from a Walmart and a Hannaford Supermarket. Additional national tenants in the area include: Dunkin’ Donuts, Tractor Supply, Dollar Tree, Market Basket, Valvoline, AutoZone, and Olympia Sports.
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.