December 24, 2018 – Brian Ahrens and Bob Horvath of Horvath & Tremblay have successfully completed the sale of a Dollar Tree Strip Center in Salem, New Hampshire. Horvath & Tremblay represented the 1031 exchange buyer in the transaction that closed at a sale price of $3,725,000, a 5.73% cap rate.
The retail center is anchored by Dollar Tree with additional tenants including Health Markets, Inc. and Route 28 Vapors. Dollar Tree has shown commitment to this location with the execution of their first option five years early. The Property is located along a dense retail corridor just minutes from the Tuscan Village Development of Rockingham Park. Neighboring national tenants drawing consumers to the area include: Walmart, Wendy’s and several additional small retail centers.
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.