Horvath, Tremblay and Nadler sell local Starbucks for $2.186 million

Torrington, CT Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of Starbucks. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,186,563. 

Starbucks is located at 1166 East Main St. Starbucks has seven years remaining on their primary lease with six, five-year renewal options. The lease features rent increases every five years throughout the primary lease term and at the start of each renewal option. The property is located along East Main St.(US-202) at the signalized intersection with Buena Vista Ave. and in front of a BJ’s Wholesale Club-anchored retail center. The property has strong frontage, access, visibility and signage along East Main St., with additional frontage on Buena Vista Ave. and a second access point on Albany St. East Main St. is the town’s primary retail and commercial corridor, where the property is situated between Torrington’s downtown and an extensive retail trade area punctuated by Walmart, Home Depot, Stop & Shop and Market 32. Starbucks is also one-mile from CT Rte. 8 and 1.5 miles from Torrington High School.

Horvath & Tremblay is one of the most active and successful investment real estate brokerage firms in the United States. Their advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being one of the best sources of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.