Property History
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a multi-tenant commercial property located at 276 North State Street in Concord, New Hampshire (the "Property"). The two-tenant property is improved by Taylor True Value Rental and Brine Team Sales and contains 21,800 square feet on a 0.95-acre parcel.
The Property is situated in a highly accessible and visible location along North State Street (US Route 3) and the signalized intersection with McGuire Street. US Route 3 offers direct access to downtown Concord as well as convenient connectivity to the major interchange of Interstates 93 and 393 less than 2 miles away, providing for transportation routes throughout New England. Extensive retail options are available at Fort Eddy Plaza, a Lowe's-anchored shopping center featuring Hannaford and Market Basket and is directly next to the interchange. The location is 2.8 miles from Concord Hospital and 3.3 miles from Concord Municipal Airport.
TENANTS:The two-tenant Property is fully leased to Taylor True Value Rental and Brine Team Sales. Taylor True Value Rental began a new, 6-year lease in 2023 that currently has 2+ years of term remaining. Brine Team Sales just began their second and final 1-year option, following an original one-year lease and their first 1-year option; the current term expires in January 2027.
ATTRACTIVE RENT INCREASES: Taylor True Value rental is responsible for 69% of the rental income at the Property and their lease calls for annual increases of 4%, providing the investor with an attractive increase in revenue and hedge against inflation.
STRATEGIC LOCATION: 276 North State Street benefits from a convenient location along US Route 3 (North State Street). The Property is situated at the signalized intersection with McGuire Street and offers excellent visibility from both streets. The location is less than two miles from both downtown Concord and the major interchange of Interstates and 93 and 393, offering convenient transportation routes through New Hampshire and all of New England. Fort Eddy Plaza, one of Concord's premier retail centers, is situated just off of the interchanges and is anchored by Lowe's and features Market Basket and Hannaford grocery stores, in addition to numerous national and regional retailers.
ECONOMIC DRIVERS: Concord's economy is anchored by its role as New Hampshire's state capital and regional employment center, providing a stable and diversified economic base. Government and public administration represent a major employment driver, complemented by a strong healthcare sector led by Concord Hospital, one of the largest employers in the Capital Region. Professional services, insurance, and financial services also play a meaningful role, with several regional and state-based organizations headquartered or maintaining a significant presence in the city. Additionally, Concord benefits from a growing retail and hospitality sector that serves both residents and the broader Central New Hampshire market, further supporting consistent economic activity and long-term demand.
TRADE AREA: The commercial area surrounding the I-93 and I-393 interchange is home to an extensive roster of retailers, businesses, and services that serve Concord's residents and draw traffic to the area. Notable retailers include Lowe's, Market Basket, Hanover, Panera, LL Bean, Five Guys, AutoZone, TJ Maxx, Buffalo Wild Wings, Bed Bath & Beyond, Petco, Staples, Planet Fitness, Sierra and Verizon. Business and employers in the area include Concord Hospital, Concord Municipal Airport, Double Tree (recently renovated), Courtyard by Marriott, McAuliffe-Shepard Discovery Center, NHTI – Concord's Community College, and several municipal facilities.
TRAFFIC COUNTS: More than 14,100 vehicles pass the Property daily along North State Street (US Route 3).
DEMOGRAPHICS: More than 31,300 people live within a 3-mile radius of the Property with an average household income of $118,990. Additionally there are more than 24,500 employees within the same 3-mile radius.
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a multi-tenant commercial property located at 276 North State Street in Concord, New Hampshire (the “Property”). The two-tenant property is improved by Taylor True Value Rental and Brine Team Sales and contains 21,800 square feet on a 0.95-acre parcel.
The Property is situated in a highly accessible and visible location along North State Street (US Route 3) and the signalized intersection with McGuire Street. US Route 3 offers direct access to downtown Concord as well as convenient connectivity to the major interchange of Interstates 93 and 393 less than 2 miles away, providing for transportation routes throughout New England. Extensive retail options are available at Fort Eddy Plaza, a Lowe’s-anchored shopping center featuring Hannaford and Market Basket and is directly next to the interchange. The location is 2.8 miles from Concord Hospital and 3.3 miles from Concord Municipal Airport.
TENANTS: The two-tenant Property is fully leased to Taylor True Value Rental and Brine Team Sales. Taylor True Value Rental began a new, 6-year lease in 2023 that currently has three (3) years of term remaining. Brine Team Sales just began their second and final 1-year option, following an original one-year lease and their first 1-year option; the current term expires in January 2027.
ATTRACTIVE RENT INCREASES: Taylor True Value rental is responsible for 69% of the rental income at the Property and their lease calls for annual increases of 4%, providing the investor with an attractive increase in revenue and hedge against inflation.
STRATEGIC LOCATION: 276 North State Street benefits from a convenient location along US Route 3 (North State Street). The Property is situated at the signalized intersection with McGuire Street and offers excellent visibility from both streets. The location is less than two miles from both downtown Concord and the major interchange of Interstates and 93 and 393, offering convenient transportation routes through New Hampshire and all of New England. Fort Eddy Plaza, one of Concord’s premier retail centers, is situated just off of the interchanges and is anchored by Lowe’s and features Market Basket and Hannaford grocery stores, in addition to numerous national and regional retailers.
ECONOMIC DRIVERS: Concord’s economy is anchored by its role as New Hampshire’s state capital and regional employment center, providing a stable and diversified economic base. Government and public administration represent a major employment driver, complemented by a strong healthcare sector led by Concord Hospital, one of the largest employers in the Capital Region. Professional services, insurance, and financial services also play a meaningful role, with several regional and state-based organizations headquartered or maintaining a significant presence in the city. Additionally, Concord benefits from a growing retail and hospitality sector that serves both residents and the broader Central New Hampshire market, further supporting consistent economic activity and long-term demand.
TRADE AREA: The commercial area surrounding the I-93 and I-393 interchange is home to an extensive roster of retailers, businesses, and services that serve Concord’s residents and draw traffic to the area. Notable retailers include Lowe’s, Market Basket, Hanover, Panera, LL Bean, Five Guys, AutoZone, TJ Maxx, Buffalo Wild Wings, Bed Bath & Beyond, Petco, Staples, Planet Fitness, Sierra and Verizon. Business and employers in the area include Concord Hospital, Concord Municipal Airport, Double Tree (recently renovated), Courtyard by Marriott, McAuliffe-Shepard Discovery Center, NHTI – Concord’s Community College, and several municipal facilities.
TRAFFIC COUNTS: More than 14,100 vehicles pass the Property daily along North State Street (US Route 3).
DEMOGRAPHICS: More than 31,300 people live within a 3-mile radius of the Property with an average household income of $118,990. Additionally there are more than 24,500 employees within the same 3-mile radius.
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