April 12, 2022 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a My Eye Dr in New Milford, Connecticut. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $806,707.
My Eye Dr is located at 54 Park Lane Road in New Milford, Connecticut. My Eye Dr has 4+ years remaining on their corporately backed Absolute NNN lease with one (1), 5-Year Option. The lease features attractive 2% annual rent increases throughout the primary term and renewal option period. The property is strategically located along Park Lane Road (US Route 202), a major retail and commuter thoroughfare that sees more than 17,100 vehicles per day. The site benefits from excellent visibility, frontage, and a large pylon sign situated along Park Lane Road. There is virtually no competition in the surrounding 5-mile trade area, providing the store with a consistent consumer base in New Milford.
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.