Double Play of Newly Constructed Wendy’s and Chipotle Scores For Horvath&Tremblay

Claremont NH — Horvath & Tremblay has completed the sale of two retail properties in New Hampshire for a total of $5,143,478. Matt Nadler, Bob Horvath, and Jack Laurendeau of Horvath & Tremblay have completed the sale of a Chipotle in Claremont, New Hampshire. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,643,478. Chipotle is located at 384 Washington Street in Claremont, New Hampshire. Chipotle has 14+ years remaining on its Double Net (NN) Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.

Matt Nadler, Bob Horvath, and Jack Laurendeau of Horvath & Tremblay also facilitated the sale of the adjacent Wendy’s in Claremont, New Hampshire, again exclusively representing the seller and procuring the buyer to complete the transaction at a sale price of $2,500,000. Wendy’s, located at 384 Washington Street in Claremont, New Hampshire, has 19+ years remaining on its Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.

The new construction Chipotle and Wendy’s are well-located along Washington Street (NH Route 103), the area’s primary commercial and commuter corridor. The Properties are positioned in the heart of a large commercial cluster and are surrounded by retailers and restaurants that drive traffic to the area. The Properties are also convenient to Downtown Claremont and residential neighborhoods, providing a built-in customer base. The properties are positioned along NH Route 103 and offer convenient access to state roads and interstates, area schools, Valley Regional Hospital, Claremont Motorsports Park and River Valley Community College.