August 15, 2019 – Matthew Nadler of Horvath & Tremblay has successfully completed the sale of KFC in Vernon, Connecticut. Horvath & Tremblay procured the buyer to close the transaction at a sale price of $1,750,000.
KFC fully occupies a 2,970-square foot property located along Hartford turnpike. There are 14+ years remaining on the initial 15-year absolute triple net lease with attractive rental escalations every 5 years throughout the remaining lease term. In additional there are four, 5-year renewal options. The Property is positioned along a main retail corridor with nearby national tenants including: Firestone, Burger King, Key Bank, Cumberland Farms, YMCA, Meineke, Red Roof, Days Inn, Mobil and Dunkin’ Donuts.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.