Market 32 855 Washington St 62,514 SF Retail Building Middletown, CT 06457 $19,761,075 ($316.11/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Long Term Lease
Minimal Landlord Responsibilities
Strategic Retail Location

Attractive Rent Increases
Corporate Guaranty
High Traffic Counts

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Market 32 investment property located at 855 Washington Street in Middletown, Connecticut (the “Property”). Constructed in 2010, Market Basket has 10+ years remaining on their triple net Lease with six (6), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option period. Market 32 is well-located on Washington Street (CT Route 66), the area’s primary commercial and commuter corridor. The Property enjoys excellent frontage, visibility and signage in the heart of Middletown’s shopping district and is adjacent to Home Depot, across from Middletown Plaza, and is surrounded by national retailers and restaurants that drive traffic to the area. Market 32 is just over a mile from Wesleyan University, one of the most prestigious liberal arts colleges in the country and a significant economic driver for Middletown and the surrounding area.