H&T Retail Team Sells Plaistow NH Convenient MD for $6M+April 04, 2023
Plaistow, NH — While some categories have seen tumultuous times through Q1 of 2023, the retail sector continues to show strength and resiliency, even after it’s a come-back year, on the heels of the great pandemic. “We still see a very active retail market, with investors big and small looking at purchases in the shopping mall/retail space,” says Bob Horvath, Principal of Horvath & Tremblay. He and colleagues Todd Tremblay and Matt Nadler closed out the recent sales assignment of Convenient MD, just north of the Mass border, in Plaistow NH.
The newly constructed, stand-alone ConvenientMD, located at 49 Plaistow Road sold for $6,110,169. The property has a 15-year Absolute NNN lease with four (4), 5-year renewal options. The lease includes 10% rental increases every five years throughout the initial term and renewal options. The stand-alone is well located along Route 125, the area’s primary commercial and commuter corridor.
The nationally growing veteran brokerage team of Horvath&Tremblay is very familiar with the expanding urgent care industry, and ConvenientMD, having just completed another trade in February for over $7 million, in Billerica, Massachusetts.
The Plaistow property benefits from outstanding frontage and shares with the primary entrance to the Walmart and Home Depot anchored center. It’s also just seconds from a Market Basket and Kohl’s anchored center and is surrounded by national retailers.
ConvenientMD is a growing presence in the rapidly expanding urgent care industry with 35+ locations throughout Massachusetts, New Hampshire, and Maine with several
additional locations in the development pipeline.