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205 Monroe Turnpike

NNN Pro Group Arranges Sale Of Retail Development Featuring Panera Bread And ALDI In Monroe CT
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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

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker

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