(BEDFORD, N.H.) July 21, 2023 – Encore Commercial, LLC announces the sale of two triple net-leased retail properties, Trader Joe’s and Friendly Toast, tenants in the Market and Main mixed-use development located in Bedford, New Hampshire. The anchor tenants were purchased by the tenants themselves, with Trader Joe’s selling at a market-leading capitalization rate of 4.9%.
“The fact the tenants purchased themselves attests to their confidence in this location,” said President of Encore Commercial, LLC, Mike Nelson. “They are neighbored by quality tenants such as Whole Foods, Carrabba’s Italian Grill, and soon to be REI in the 3rd quarter of 2023 (grand opening event details to follow), as well as advantageously located on a major thoroughfare bringing consistent customer traffic to the development.”
Centrally located in the New England area and accessible from Interstate 293 and State Road 101, Market and Main is a gateway for visitors headed to the Lakes Region and the White Mountains. The convenient stop offers family-friendly shopping, dining, luxury accommodations, and pedestrian-friendly entertainment and recreation spaces.
Marcus & Millichap executed the sale on behalf of Encore Commercial, LLC.
About Encore Commercial, LLC
Encore Commercial, LLC, a division of Encore Enterprises, Inc., focuses on the acquisition, ownership, redevelopment, and asset management of retail shopping centers, single-tenant retailers, and class “A” commercial office buildings across the United States. For more information about Encore Commercial, visit www.encore.bz. To follow Market and Main’s progress, visit www.marketandmainbedford.com.