September 11, 2017 – Horvath & Tremblay has successfully completed the sale of Epping Plaza in Epping, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured buyer to close the property at a sale price of $4,130,000.
Epping Plaza is a newly constructed, 22,000 square foot retail center along Route 125/Calef Highway and less than half a mile from Exit 7 on Route 125, the areas major east-west highway. Attracting shoppers to this regional trade area are neighboring national tenants including: Lowe’s Home Improvement, Market Basket, Marshalls, PetSmart, Michael’s, Applebee’s, Walgreens, Starbucks, Taco Bell, Wendy’s and many others. The Property experiences high traffic counts in excess of 27,000 vehicles per day. The retail center is 100% leased to two tenants, Dollar Tree and Zoo Health Club. Dollar Tree serves as the anchor tenant and occupies 9,000 square feet. Dollar Tree has 8+ years remaining on their initial lease term plus two, 5-year renewal options with fixed rent increases. The 2015 merger of Dollar Tree and Family Dollar Stores created a combined organization with more than 13,000 stores and sales exceeding $19 billion annually. Zoo Health Club, opened in April 2017 and occupies the remaining 13,000 square feet with an initial lease term of 10 years plus two, 5-year renewal options with fixed rent increases. Zoo Health Club is a growing national chain of more than fifty, 24-hour franchise health clubs with existing New Hampshire locations in Derry and Manchester.
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.