Claremont Chipotle, Wendy's properties sell for $5.14 million

A pair of newly built fast-food properties on Claremont’s Washington Street sold for $5,143,478 on May 27, a deal that keeps Chipotle and Wendy’s operating in place while underscoring the value investors put on long-term leased retail along NH Route 103.

Horvath & Tremblay handled both sales and said it exclusively represented the seller while also sourcing and procuring the buyers. The brokerage team named on the transaction was Matt Nadler, Bob Horvath and Jack Laurendeau. The Chipotle parcel sold for $2,643,478, while the Wendy’s property brought $2,500,000.

The numbers matter because the deal was built around income, not just real estate. The Wendy’s site at 384 Washington Street carries 19-plus years remaining on an absolute NNN ground lease, with four 5-year renewal options and 10% rent increases every five years. The Chipotle has 14-plus years left on a double-net lease, also with four 5-year renewal options and 10% increases every five years. Those terms help explain why a pair of new-construction sites in a city of Claremont’s size could command a price above $5 million: the buyer is getting occupied national tenants and a predictable cash flow stream, not a vacant building waiting for a new user.

For Claremont residents, the more immediate takeaway is stability. Both restaurants sit in a commercial cluster near downtown Claremont, residential neighborhoods and traffic generators such as Valley Regional Hospital, Claremont Motorsports Park and River Valley Community College. The surrounding trade area also includes Hobby Lobby, Town Fair Tire, New Hampshire Liquor & Wine Outlet, Home Depot and Runnings, all of which help draw steady vehicle traffic to the corridor.

The development itself was approved by Claremont’s Planning Commission and Planning Board in late 2023 and early 2024, when city officials unanimously cleared the minor subdivision and site plan for Wendy’s and Chipotle at 384-392 Washington St. Chipotle opened there on March 26, 2025, meaning the chain sold a year-old restaurant site rather than a speculative project. Wendy’s is listed as operating at 384 Washington Street with a drive-thru.

The sale lands as Claremont continues street and corridor work on Washington Street, where city-bid upgrades are part of a broader push to support economic development. In that context, the transaction looks less like a stand-alone real-estate flip and more like a sign that one of the city’s main commercial strips has matured enough to attract long-term capital. For Sullivan County, that means two national tenants remain anchored on a key corridor, with ownership changing hands but day-to-day activity likely staying the same.