August 4, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Munich Haus in Chicopee, Massachusetts. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,250,000.
Munich Haus is located at 13 Center Street in Chicopee, Massachusetts. Munich Haus has been at this location for more than 20 years and has 15 years remaining on an Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 1.5% annual increases in rent throughout the primary term and renewal options. The building has a seating capacity of 200 in the banquet hall, 200 in the beer garden and seating for 150 in the primary dining room. The Property is strategically located at the signalized intersection of Center Street and Springfield Street in the center of Downtown Chicopee. The Property is surrounded by municipal offices, businesses and retailers driving traffic to the area. The Property enjoys convenient access to Interstates 391, 91 and 90 and is approximately 5-miles from Downtown Springfield, the area’s primary MSA.
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.