Horvath & Tremblay Facilitates Sale Of Wendy’s Retail Center For $2.87M
129 Talcottville Road & 145 Talcottville Road
$2,870,000
$246/SF
Building Size
11,632 SF
Asset Type
Retail
Closing
Feb 23, 2024
AI
The Wendy’s Retail Center, located at 129-145 Talcottville Rd in Vernon, CT, was sold for $2.87 million. The property spans 2.24 acres and has a building size of 5,816 square feet, resulting in a price per square foot of $493.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,870,000
- Address: 129-145 Talcottville Road
- Market: Vernon, CT
- Asset Type: Retail
- Acres: 2.24
Aaron Huntley and Matthew Nadler of Horvath & Tremblay were the brokers who facilitated the successful sale of the Wendy’s Retail Center at the mentioned location.
Players
Vernon Rockville 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
5.53%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93