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Horvath & Tremblay Closes $7.49M Sale Of Retail Property In Waterford CT Leased To Aldi Chipotle M&T Bank

Property Image
SOLD
$7,487,620
Todd Tremblay
Robert (Bob) Horvath

Connecticut

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Retail
Sold 03/06/2025
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Property Image
SOLD

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

See Similar Deals
Retail
Sold 03/06/2025
Todd Tremblay
Robert (Bob) Horvath
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:Retail
Transaction Type:Sale

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:

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.

Players

Robert (Bob) Horvath
Horvath & Tremblay
Robert Horvath
112 deals$556.4M volume
BROKER
Todd Tremblay
Horvath & Tremblay
Todd Tremblay
103 deals$515.2M volume
BROKER
M&T Bank
M&T Bank
TENANT
M&T Realty Capital Corporation
M&T Realty Capital Corporation
TENANT
C
Chipotle
TENANT

Details

SOLD
IMAGE: Robert Horvath & Todd Tremblay DATE: 03/06/2025 ADDRESS: 122-124 Boston Post Road MARKET: Waterford, CT ASSET TYPE: Retail BROKERS: Robert Horvath & Todd Tremblay - Horvath & Tremblay SALE PRICE: $7,487,620 NOTE: Horvath & Tremblay closed the $7.49M sale of a three-tenant property in Waterford, CT, leased to Aldi, Chipotle, and M&T Bank. The site at 122-124 Boston Post Road features long-term NNN leases and is strategically located near major retailers and schools, driving strong foot traffic.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$399,339.72

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,601.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,495.14
Annual Debt Service$425,941.67