April 5, 2022 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Aspen Dental in Bristol, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,499,000.
Aspen Dental is located at 1128 Farmington Avenue in Bristol, Connecticut. Aspen Dental has been at this location since 1999 and has 2 years of term remaining, plus one (1), 5-year renewal option. The lease calls for annual increases in both the primary term and renewal option based on the change in the CPI-U. The Property is strategically located along Farmington Avenue (US Route 6), the primary commercial corridor serving Bristol and neighboring Farmington. The Property is surrounded by the area’s primary grocery stores (Stop & Shop, ShopRite, Price Chopper and ALDI), and is across the street from Home Depot and 0.5-miles from Walmart. Bristol is located in central Connecticut, and is home to the corporate headquarters of several large companies including ESPN, Associated Spring, Bauer Aerospace, and Otis Elevator.
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.