Updated Mar 10, 2025
Horvath & Tremblay Closes $7.49M Sale Of Retail Property In Waterford CT Leased To Aldi Chipotle M&T Bank
122 Boston Post Road & 124 Boston Post Road
$7,487,620
Building Size
—
Asset Type
Retail
Closing
Mar 6, 2025
About this deal
AI
The property asset involved in this transaction is a three-tenant retail building located at 122-124 Boston Post Road in Waterford, CT. The sale price for the property was $7,487,620. The building is leased to Aldi, Chipotle, and M&T Bank, featuring long-term NNN leases, which enhance its investment appeal. The strategic location of the site near major retailers and schools contributes to significant foot traffic in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,487,620
- Address: 122-124 Boston Post Road
- Market: Waterford, CT
- Brokers: Robert Horvath & Todd Tremblay - Horvath & Tremblay
Robert Horvath and Todd Tremblay represented the interests of the involved parties in this transaction, leveraging their market knowledge and expertise in retail properties to facilitate the closing of the sale.
On the Map
$7,487,620
Retail
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Players
Waterford 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
2.12%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93