June 14, 2022 – Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Santander Bank in Plainville, Connecticut. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $600,000.
The Santander Bank building is located at 85 East Main Street in Plainville, CT. Santander Bank has 1+ years remaining on their Absolute NNN lease. This location is dark; however, Santander continues to pay rent and fulfill the other obligations of their lease. Santander Bank is situated on a 1.08-acre parcel with excellent visibility and frontage on East Main Street and two points of access. The Property features a well-maintained building that contains 4,085 square feet on the main level and features a full basement (4,085 square feet) that has been nicely built-out with two points of access. The Property is centrally located in Plainville and features an accessible location near the junction of Interstate 84 and CT Route 72. The location is in close proximity to the Connecticut Commons shopping center, anchored by Lowe’s and Big Y World Class Market and is home to a number of national tenants driving traffic to the area. Additional attractions and amenities in the immediate area include the Plainville Indoor Sports Arena, Plainville High School, the Plainville Historic Center and Sunset Rock State Park.
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.