Andrew Sparks
The Sparks Agency

The Sparks Agency Commercial Division 

 At the Sparks Agency, results and success drives our business. We provide tailored and strategic solutions to our clients with high class service that differentiates us from the rest.

From large commercial developments to the small local business, we are dedicated to providing world-class service, and strategic and innovative tactics on behalf of all of our clients. We put value as a priority and our success has generated client loyalty that is unrivaled in our business.

Whether it is a corporate lease or an investment, there are always major decisions for an individual or company, and the total cost of ownership of the office, retail, industrial or land property includes both new revenue opportunities, minimizing expenses and mitigating as much risk as possible over the long run.

The Sparks Agency provides real estate strategy, complex contract negotiations, and financial analysis. This includes both on and off-market site selection for corporate tenants, buyers and investors, financially analyzing lease or buy options, IRR/NPV and income valuation analysis for investors, and leading complex contract negotiations in partnership with attorneys.

Our commercial division raises the bar for significant value creation and outstanding client service by providing customized knowledge-based solutions and meaningful advice. We are committed to success-driven results and look forward to making your vision come true.

 

 

Recent Commercial Sales

Rite Aid-Waterbury, Connecticut 

Rite Aid

INVESTMENT HIGHLIGHTS

  • STABLE INCOME CORPORATE GUARANTEE - Rental income guaranteed by Rite Aid corporate (S&P B Stable) Fortune 500 Company with over 2,500 locations.
  • EXTENDED ABSOLUTE NNN LEASE - 3 years remaining on the primary term with three 5-year options to extend on true absolute net lease.
  • DENSE RETAIL CORRIDOR - Located in a dense retail corridor containing two major shopping malls totaling over 1.5 million square feet of retail space.
  • PREFERRED 20+ YR STORE - Rite Aid retained this store in its sale of 1,900 locations to Walgreens, successful operating history of 20+ yrs.
  • ADDITIONAL INCOME FROM ON-SITE BILLBOARD - Landlord collects additional rent of ±$5,000 from the sublease of the billboard located onsite.
  • HIGHLY TRAFFICKED LOCATION – Located at intersection of Wolcott St and Lakewood Rd, near I-84 along route between Boston, Hartford, NYC.