Tractor Supply Company Store Sold For $8 Million In North Conway, NH By Horvath & Tremblay
170 North South Road
$8,000,000
$420/SF
Building Size
19,028 SF
Asset Type
Retail
Closing
Feb 14, 2025
AI
The asset involved in the transaction is a retail property located at 170 North South Road in North Conway, NH. The property, which consists of 4.2 acres and was built in 2024, features a single-tenant space of 19,028 square feet. The sale price of the property was $8,000,000, with a price per square foot of $420. It has a 20-year net lease with 5% rent increases and is situated in the town’s primary retail area near major shopping centers.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 170 North South Road
- Market: North Conway, NH
- Acres: 4.2
- Square Footage: 19,028
- Price Per Square Foot: $420
- Lease: 20-year net lease with 5% rent increases
The transaction was facilitated by brokers Bob Horvath, Todd Tremblay, and Matt Nadler from Horvath & Tremblay. The team played a crucial role in brokering the deal for the Tractor Supply Company store, ensuring a successful sale in the competitive real estate market of North Conway.
Players
North Conway Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93