Commercial Real Estate News
O’Reilly Auto Parts Buys Stratford’s Former Mudrick’s TV & Appliances Store
STRATFORD, CT – JUNE 19, 2016 – Lester Fradkoff, Senior Vice President of Southport-based Angel Commercial, L.L.C., announces the sale of the former Mudrick’s TV & Appliances Store located at 1480 Barnum Avenue in Stratford, CT, to O’Reilly Auto Parts for $1,050,000.00.
“The location is ideal for this national retailer,” states Fradkoff, who represented the seller in this transaction. “They will make purchasing auto parts easier and create new job opportunities in Stratford.”
A Fortune 500 company, O’Reilly Automotive, Inc. headquartered in Springfield, Missouri, is the second-largest auto parts retailer in the United States. Operating in more than 4,829 stores in 47 states, O’Reilly Auto Parts provides automotive aftermarket parts, tools, supplies, equipment, and accessories serving both professional service providers and do-it-yourself customers. The company was founded in 1957 by the O’Reilly family.
Mudrick’s TV and Appliances closed its doors last year after 66 years of operating as a successful appliance store in Stratford, Connecticut. John Mudrick opened the 21,169 square foot retail store on .72 acres in August 1949. His son, Jack Mudrick, took over the store in the late 1960s. “We had worked long and hard for over six decades serving customers in Stratford with low prices on appliances and top-notch customer service,” explains Jack Mudrick, who is now enjoying retirement. “It was time to put down the phone and pick up the fishing reel.”
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, multifamily and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.
- Fairfield County Business Journal
- Commercial Record
- New England Real Estate Journal – Front Section
- New England Real Estate Journal – Shopping Centers
- Real Estate Weekly