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2 Pratt Road

Wendy's In Plainville, CT Sold For $2.61M With Brokers Josh Kanter, Anthony D'Ambrosia, Stewart Hickey & Glen Kunofsky
SOLDRetail

Wendy's In Plainville, CT Sold For $2.61M With Brokers Josh Kanter, Anthony D'Ambrosia, Stewart Hickey & Glen Kunofsky

2 Pratt Road

$2,608,696

$869/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Jan 27, 2025

AI

The property asset involved in this transaction is a retail asset located at 2 Pratt Road in Plainfield, CT. The sale price for the property was $2,608,696. This asset encompasses a total square footage of 3,000, which translates to a price per square foot of $869.

Summary of transaction details:

NNN Pro Group, in collaboration with their broker of record Bang Realty-New England, Inc, successfully brokered the sale of the Wendy's located in Plainville, CT, highlighting the involvement of key individuals in this retail transaction.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker

Plainfield 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

6.08%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93