May 27, 2021 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Bruegger’s Bagels in Glastonbury, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,350,000.
The Bruegger’s Bagels building is located at 2801 Main Street in Glastonbury, CT. Bruegger’s Bagels has been at this location for more than 25 years (since 1995) and recently exercised a renewal option; they currently have 5+ years of term remaining with one additional 5-year renewal option. The lease calls for annual increases in rent of the greater of 2% or the adjustment in the CPI-U throughout the base term and the remaining renewal option. Bruegger’s Bagels is situated along Main Street, the area’s primary retail and commercial thoroughfare. Bruegger’s Bagels enjoys outstanding visibility, with two points of access and a drive-thru in the heart of downtown Glastonbury. Bruegger’s is strategically located 1/2-mile from Connecticut Routes 2 and 3, providing convenient access to Hartford (6-miles) and all areas of the state. Glastonbury is an affluent suburb of Hartford located on the east bank of the Connecticut River. The town is home to an award winning school system, numerous national retailers, boutique shops, and national and local restaurants.
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.