±11,356 SF Single-Tenant Dollar Tree in Seabrook, NH
Boston – March 2, 2015 – CBRE/New England Capital Markets announces the sale of 756 Lafayette Road, a 11,356-square-foot single-tenant Dollar Tree in Seabrook, New Hampshire, for $2.85 million.
The Dollar Tree is located directly adjacent to Seabrook Commons, a brand-new power center anchored by Walmart, which provides an enormous draw to the immediate area. Seabrook is strategically positioned in tax-free southern New Hampshire along Interstate 95 (Exit 1) and draws shoppers from a wide trade area including parts of Greater Boston. As one of the top retail destinations in the area, Seabrook benefits from the high concentration of national retailers within proximity to the Massachusetts border.
CBRE/New England exclusively represented the seller and procured the buyer, an affiliated company of Avise Properties, in the transaction. “Avise Properties has acquired a prime asset in a proven retail location,” said CBRE/New England's Nat Heald.
About CBRE/New England CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.