East Hartford, CT Reese Commercial completed the $842,500 sale of Triple A Diner located at 1209 Main St.
Dale Reese, CCIM, managing director of Reese Commercial represented Krisfir Inc., Peppas LLC and Kritman LLC, the sellers. The Triple A Diner was founded in 1956 and has been in its current building since 1967. The 5,500 s/f diner with 5,500 s/f basement was sold by the second generation of the two founding families who started the diner. Triple A Diner is an iconic restaurant establishment located on the northern end of Main St. Having operated for over 55 years, it has served several generations and it is currently only on its third restaurant operator.
Rian Realty Trust, the buyer, purchased this asset as a single tenant net leased property whereby all the expenses of running the real estate are the responsibility of the tenant. The lease has 8.5 years remaining on the lease term.