Chipolte & Aspen Dental Trade for $3.8M in White Mountains Via H&T

North Conway NH — Bob Horvath, Todd Tremblay and Jason Woods of Horvath & Tremblay have completed the sale of Chipotle & Aspen Dental in North Conway, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,800,000.

The Property is located at 1549 White Mountain Highway in North Conway, New Hampshire. The build-to-suit, two-tenant plaza is improved with Chipotle and Aspen Dental and contains 6,197 square feet on a 1.61-acre parcel. The Property was completed in 2021, Chipotle has 6+ years remaining on their lease with four (4), 5-year renewal options. Aspen Dental has 9+ years remaining on their lease with three (3), 5-year renewal options. Both leases call for attractive rent increases every 5-years throughout their primary lease terms and at the start of their renewal options.

Additionally, both tenants reimburse their pro-rata share of all operating expenses, repairs, and maintenance of the property, making it an attractive investment for the passive real estate investor. The Property is situated in one of the best locations in North Conway to capture passing motorists on the heavily traveled US Route 302/NH Route 16 commercial corridor (White Mountain Highway) which includes most of the area’s retail, dining, lodging, and entertainment options. It is located adjacent to the entrance for Settler’s Green, a popular 75-store, 500,000-square-foot shopping center which helps drive considerable traffic to the area.

Todd Tremblay

Bob Horvath