June 16, 2022 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Liberty Bank in Groton, Connecticut. Horvath & Tremblay exclusively represented the seller a to complete the transaction at a sale price of $1,600,000.
The Liberty Bank building is located at 597 Long Hill Road (US Route 1) in Groton, Connecticut. Liberty Bank has occupied this location since it was constructed in 2004 and has 2+ years remaining on their triple net lease with two (2) 3-year renewal options. The Property contains 3,234 square feet on a 0.62-acre parcel of land. The Property is well positioned along Long Hill Road (US Route 1) with excellent frontage and visibility an attractive design, ample parking, a dedicated drive-thru teller, and an ATM. The Property is surrounded by national retailers, is 1-mile from Interstate 95, and is located 2.5 miles from the General Dynamics Electric Boat facility (8,277 employees) and the Pfizer Campus (3,400 employees), 3-miles from UCONN’s Avery Point campus, 3.7-miles from the Naval Submarine Base New London (10,150 employees), and 4.5-miles from the United States Coast Guard Academy and Connecticut College. Additionally, the property is a short drive from the Mystic Aquarium and Mystic Seaport, two of eastern Connecticut’s most popular tourist destinations.
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.