CT Commercial Retail Properties Sell For 7.2M

Commercial real estate investment across the Constitution State continues to show robust momentum with recent high-profile transactions. Brokerage firm Horvath & Tremblay successfully orchestrated the sale of three key commercial retail properties totaling over $7.2 million.

These strategic deals highlight the enduring appeal of retail investments within our region’s dynamic cities and towns. Savvy investors are consistently looking for secure, long-term commercial opportunities throughout local communities.

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The Shelton Goddard School Transaction

The largest of the three recent sales involved a prominent early childhood education center located in Fairfield County. This transaction underscores the high demand for reliable, service-oriented commercial assets in growing suburban markets.

The newly constructed Goddard School in Shelton fetched an impressive $4,326,529 as a desirable pad site within Fountain Square. Bob Horvath, Todd Tremblay, and Matt Nadler expertly represented the seller while also procuring the final buyer for the property.

Key Features of the Shelton Sale

Investors tracking the market know that long-term lease structures provide exceptional stability. This particular asset came equipped with strong fundamental backing for prospective buyers.

The property notably features over 18 years remaining on its primary lease term. Such extended security makes educational real estate a coveted prize for commercial portfolios.

Naugatuck and Bridgeport Retail Highlights

Moving beyond Shelton, the brokerage team also closed significant deals in New Haven and other regional hubs. These secondary transactions further prove that commercial viability spans multiple counties and retail sectors.

A Popeyes restaurant located on Rubber Avenue in Naugatuck sold for $1.746 million under the guidance of Jack Laurendeau, Bob Horvath, and Todd Tremblay. Meanwhile, an Advance Auto Parts store in Bridgeport commanded $1.18 million through the representation of Ryan O’Rourke.

Understanding the Lease Structures

National brand tenancy remains a cornerstone of successful commercial real estate transactions in the state. Both the Naugatuck and Bridgeport properties offer unique advantages to their respective buyers.

Here are the key operational details for these two retail locations:

Popeyes in Naugatuck: Operates under a 15-year absolute NNN ground lease managed by the Parikh Network, strategically positioned near a high-traffic signalized intersection by Route 8.
Advance Auto Parts in Bridgeport: Has successfully operated at its site since 2012 and features more than nine years remaining on its NNN lease following a recent early extension.

Commercial property sales of this magnitude reflect a healthy and active investment landscape across our region. Industry professionals will undoubtedly monitor these trends closely as new developments shape the local economy.

Here is the source article for this story: Horvath & Tremblay sells three retail properties in Connecticut for $7,252,529

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