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500 North Avenue

Horvath & Tremblay Facilitates $2.27M Retail Sale At 500 North Avenue, Bridgeport
SOLDRetail

Horvath & Tremblay Facilitates $2.27M Retail Sale At 500 North Avenue, Bridgeport

500 North Avenue

$2,271,379

Building Size

Asset Type

Retail

Closing

Jun 28, 2024

AI

A newly constructed Wendy’s located at 500 North Avenue in Bridgeport, CT was recently sold for $2,271,379. The sale was facilitated by Horvath & Tremblay, representing both the seller and the buyer.

Summary of transaction details:

Horvath & Tremblay played a crucial role in the sale of the Wendy’s property, serving as the representatives for both the seller and the buyer. The team of brokers, including Jason Prescott Woods, Matthew Nadler, Robert Horvath, and Todd Tremblay, orchestrated the successful transaction in Bridgeport, CT.

Players

Robert Horvath

Horvath & Tremblay

Broker

$564M

vol

114 deals

Broker

Bridgeport 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

6.98%

Cash-on-Cash

-2.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93