Category: Sales

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Dunkin’ Donuts property in Rocky Hill sells for $1.5M

Michael Puffer, The Hartford Business Journal

A Dunkin Donuts location just off Interstate 91 in Rocky Hill sold for $1.5 million in late December.

Cromwell-based Tres Trai Realty LLC paid $1.5 million for a half-acre retail property at 767 Cromwell Ave. in a deal recorded Dec. 22, according to town records. The property hosts a roughly 1,806-square-foot restaurant building built in 2006.

The property was sold by a limited liability company controlled by New England Retail Properties, a Wethersfield-based commercial retail brokerage and development firm. That limited liability company purchased the land in 2004, according to town records.

Attempts to reach Edward Pine, principal of the buying limited liability company, were not immediately successful Monday. An individual who answered the telephone at the Rocky Hill location said Pine had owned the business prior to December.

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Middletown property hosting a Tractor Supply Co. store sells for $5.8M

Michael Puffer, The Hartford Business Journal

New England Retail Properties announced Monday it has sold a 4.5-acre commercial property in Middletown hosting a Tractors Supply Co. store for $5.8 million.

The sale of the property at 815 Newfield St. has not yet been logged into city records. New England Retail Properties declined to disclose the buyer. The release describes the new owner as a “private investor based in the Midwest.”

The sale includes an ongoing lease to Tractor Supply and will not affect ongoing store operations, according to the seller.

The property includes a 19,097-square-foot building and a 15,075-square-foot outdoor sales area.

The property was developed in 2013 by Middletown Retail Partners LLC, a partnership of New England Retail Properties of Wethersfield and Mack V Development of West Hartford.

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NAUGATUCK, CT — The Tractor Supply Company store and property located at 1160 New Haven Road has recently sold for $5.375 million, according to Matt Halprin, Senior Vice President of New England Retail Properties, Inc.

The property consists of a 19,097 square-foot building along with a 15,000 square-foot outdoor sales area on 4.16 acres. The Naugatuck store opened with a “warm welcome” from the local community in 2017, officials said. The seller was Naugy Doggy Development LLC., a subsidiary of New England Retail Properties, Inc., the purchaser was a Minnesota based REIT. The business will remain in Naugatuck.

 

About Tractor Supply Co.

Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded in 1938 as a mail order tractor parts business, Tractor Supply Company (also referred to as TSC) [...]

New England Retail Properties, Inc. (NERP) announces the sale of the Tractor Supply (TSC) store located at 361 Scott Swamp Road (Route 6) in Farmington, Connecticut for a price of $3,625,000.  The property was sold through AEI Property Corporation, Chicago, IL.   Mark D’Addabbo, President along with Matthew Darling, Vice President of NERP worked together with Ian Harrison of AEI Capital Corporation, Chicago, IL handling the negotiations between the Seller and Purchaser, a private 1031 investor.

New England Retail Properties, Inc. announces the sale of the Tractor Supply development located at 1313 Main Street in Millis, Massachusetts for a price of $5.8million. The property was sold through AEI, Chicago, IL. The tenant is investment grade and drew significant interest from several groups. Matthew J. Darling, VP of Development at NERP and Ian Harrison of AEI Capital Corporation handled the negotiations between the Seller and Purchaser.

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