May 3, 2021 – Aaron Huntley and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Santander Bank in Wethersfield, Connecticut. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,500,000.
The Santander Bank building is located at 1221 Silas Deane Highway in Wethersfield, CT. The Property consists of a 10,374 square foot single tenant building on a 1.39-acre parcel. The Property is exceptionally well positioned along the Silas Deane Highway (CT Route 99), the area’s primary commercial corridor, with excellent visibility and frontage. The property benefits from convenient access, three drive-thru lanes and ample parking. Santander Bank recently exercised a five (5) year renewal option to extend their Double Net lease through November of 2024, and they have one, five-year renewal option remaining. The location offers convenient access to Interstate 91, which connects Wethersfield with downtown Hartford approximately 8-miles to the north. The area demographics feature more than 170,650+ people living within a five-mile radius with an average household income in excess of $87,200. Additionally, Santander Bank is based in Boston; its principal market is the northeastern United States.
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.