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Horvath & Tremblay Facilitates Sale Of Wendy’s Retail Center For $2.87M
SOLD
$2,870,000
Connecticut
See Similar DealsRetail11,632 SF
Sold 02/23/2024
SOLD
Horvath & Tremblay Facilitates Sale Of Wendy’s Retail Center For $2.87M
129 Talcottville Road & 145 Talcottville Road
See Similar DealsRetail11,632 SF
Sold 02/23/2024
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$246
Total Square Footage:11,632 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$153,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,196.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,605.26
Annual Debt Service$163,263.17
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