August 31, 2023 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of the Bear’s Smokehouse BBQ & Webster Bank in Windsor, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,400,000.
Located at 2100-2152 Poquonock Avenue, the Property is comprised of two single tenant buildings leased to Bear’s Smokehouse BBQ and Webster Bank. Bear’s Smokehouse BBQ has been at this location since 2014 and has 5+ years remaining on their lease. Webster Bank has been at this location since 1999 and has 3+ years remaining on their Absolute NNN lease with one (1), 5-year renewal option. Webster Bank’s lease calls for annual rent increases based on the change in the CPI throughout their primary lease term and their renewal option. The Property contains two buildings with a total of 8,430 square feet on a 4.85-acre parcel of land. The Property is well located along Poquonock Avenue (CT Route 75) and benefits from outstanding visibility and frontage. The Property is positioned at the signalized intersection with the on-off ramp of CT Route 20 (Bradley International Airport Connector) and is just 1.5-miles from Bradley International Airport, the second largest airport in New England. The Property is 2.5-miles from Interstate 91, and enjoys convenient access to the commercial center of both Windsor and Windsor Locks. The area has seen continued growth over the last decade as large warehouses and distribution centers continue to be developed to support the increased air cargo coming into and going out of Bradley International Airport.
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.