January 15, 2020 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Dunkin’ Donuts in Torrington, Connecticut. Horvath & Tremblay exclusively represented the seller in this transaction, and procured the buyer to close the property at a sale price of $1,680,000, a 5.36% Cap Rate.
Dunkin’ Donuts is located at 305 East Main Street (Route 202) in Torrington, Connecticut. The stand-alone building was constructed in 2017 and contains 694 square feet and has a drive-thru and a walk-up window. The lease has 14 years remaining on a triple-net lease with an additional three (3) 5-year options. The property is well located along CT Route 202 at the highway interchange with CT Route 8, allowing for convenient on/off access for passing motorists as well as a “main street” location and visibility for area residents. Route 202 is the primary roadway connecting Torrington with Litchfield to the West and the Farmington Valley towns of Bristol, Farmington, Canton, Avon and Simsbury to the east. The property benefits from good demographics with more than 41,000 people living within a 5-mile radius of the property with an average household income of $83,790.
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.