November 14, 2023 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of the M&T Bank Retail Center in Somers, Connecticut. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $750,000.
The M&T Bank Retail Center is located at 612 Main Street in Somers, Connecticut. M&T Bank Retail Center is an 8,160 square foot inline strip center and is anchored by M&T Bank (formerly People’s United Bank). The building is situated on 0.57-acres of land and enjoys two points of access, one from Main Street and one from Kibee Drive. The property is 70.6% leased. The well-maintained Property is leased to an attractive mix of tenants with M&T Bank (formerly People’s United Bank), Raven & Rose Hair Co. (a salon), Savannah’s Dance Connection, Haven Yoga and Simply Paws. The Property has one vacant 2,400 square foot unit that can easily be divided into two suites. The Property is well located in the center of Somers and is well situated along Main Street approximately 500 feet from the signalized intersection with CT Route 83 (S Road/Springfield Road). The Property is adjacent to the Somers Town Hall and is close to the town’s primary grocery store (Geissler’s IGA), and Somers school system (a three-school campus that houses the elementary, middle and high schools). The Property is approximately 7-miles from Interstate 91 and the heavily developed retail corridor in Enfield, offering a number of large shopping centers, and national tenants.
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.