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1 Tooley Lane - Hertz, Danbury, CT

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1 Tooley Lane - Hertz

Danbury, CT 06810-4711 - Danbury Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1972
Building Size:1,960 SF Land Area:.98 AC (42,780 SF)
For Sale Price:$1,295,000 Price/SF:$660.71
Cap Rate:5.20 %

Sale Notes:
Investment property for Sale! This location has been key for Hertz in their success for serving the needs in Danbury and Northern Fairfield county. The property provides excellent access to both CT and Metro-NY airports for regional corporate clients. The building and property have recently been upgraded with new interior fit-out. The existing building is 1,960sf and includes customer rental counter space, private offices, and a car prep area.

There are 10+ years remaining on this NNN lease with minimal landlord expenses exposure. The base rent for 2017 is $66,744 with 3% annual increases yielding a current Cap rate of 5.2%.
The property is in Danbury, CT and adjacent to I-84 at Exit 5 with both East and West on and off ramps. The location is approximately one-hour drive to metro New York and Hartford. The property is a level 1.06 Acres parcel zoned CG-20 which allows numerous retail uses. Call us today to discuss your retail needs.

Advantage Realty, Inc.
J. Michael M Struna
(203) 798-9345 x1

George F Walker
(203) 733-0692

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