May 30, 2018 – Bob Horvath, Todd Tremblay, and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of ConvenientMD and St Joseph Family Medical Center in Merrimack, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction to close the property at a sale price of $3,545,000.
ConvenientMD and St Joseph Family Medical Center occupy two single-tenant, net leased medical office building located at 2 and 4 Dobson Way in Merrimack, New Hampshire. The two stand-alone buildings are located on separate tax parcels and were constructed in 2015. 2 Dobson Way contains 5,145 square feet and is leased to ConvenientMD through May 2025. 4 Dobson Way contains 4,200 square feet and is fully leased to St. Joseph Family Medical Center through December 2025.
The two properties are strategically located across from the Exit 11 offramp on the Everett Turnpike in Merrimack, New Hampshire. The properties offer good visibility and convenient highway access for local residents, commuters and travelers. On average, approximately 60,900 vehicles pass the properties daily on the Everett Turnpike. The two properties sit at the entrance to the Merrimack Village Shopping Center which features a Shaw’s Supermarket, Osco Drug, New Hampshire State Liquor Store and McDonalds. The Properties are also located 2 miles and one exit north of the Merrimack Premium Outlets on the Everett Turnpike. The popular Merrimack Premium Outlets, the newest outlet mall in New Hampshire, opened in 2012 and features over 100 high-end outlet stores.
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.