NNN Pro Group Arranges Sale Of Retail Development Featuring Panera Bread And ALDI In Monroe CT
SOLD
$1
+ 1
Connecticut
See Similar DealsRetail23,159 SF
Sold 11/15/2024
SOLD
NNN Pro Group Arranges Sale Of Retail Development Featuring Panera Bread And ALDI In Monroe CT
205 Monroe Turnpike
See Similar DealsRetail23,159 SF
Sold 11/15/2024
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:23,159 SF
Transaction Type:Sale
The property involved in the transaction is a retail asset located at 205 Monroe Turnpike in Monroe, CT. This brand new construction features a square footage of 23,159 and is occupied by a Panera Bread and ALDI grocery store development.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 205 Monroe Turnpike
- Market: Monroe, CT
- Square Footage: 23,159
NNN Pro Group handled the transaction with brokers Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia, and Stewart Hickey representing the deal. The sale was arranged in partnership with Bang Realty-New England, Inc, highlighting their involvement in facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.07
Debt Service Coverage Ratio (DSCR)
1.15x
Cap Rate
6.55%
Cash Flow (Annual)$0.01
Cash-on-Cash Return3.08%
Monthly Debt Service$0.00
Annual Debt Service$0.06
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