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129 Talcottville Road

Horvath & Tremblay Facilitates Sale Of Wendy’s Retail Center For $2.87M
SOLDRetail

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

Aaron Huntley

Horvath & Tremblay

Broker

$71.9M

vol

15 deals

Broker

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