NNN Pro Group Arranges Sale Of Retail Development Featuring Panera Bread And ALDI In Monroe CT
205 Monroe Turnpike
$1
$0/SF
Building Size
23,159 SF
Asset Type
Retail
Closing
Nov 15, 2024
AI
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.
Players
Monroe 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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93