November 9, 2022 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Canterbury Commons in Canterbury, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,728,637.
Canterbury Commons is located at 200 Westminster Road in Canterbury, Connecticut. The Property consists of a 10,000 square foot retail plaza on a 4.02-acre parcel anchored by Walgreens, and also features leases with D&G Pizza and Booze Barn. Walgreens has over 3 years of term remaining on their lease, with one (1), 5-year option. D&G Pizza has over 9 years of term remaining followed by two (2), 5-year options and Booze Barn has over 8 years of term remaining with two (2), 5-year options. Both D&G Pizza and Booze Barn feature attractive annual rental increases through their primary lease and renewal options. The Property is situated along Westminster Road and benefits from excellent frontage and visibility, with signage, an easy access point, and ample on-site parking. Canterbury Commons is situated in Canterbury’s town center, in close proximity to the Town Hall and Post Office. The Town Center is home to Cumberland Farms and Berkshire Bank, as well as several local businesses. Canterbury Elementary School, Dr. Helen Baldwin Middle School, and Dunkin’ are also located nearby.
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.