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200 New Hartford Road - The Shops at Ledgebrook - Stop & Shop Gas, Winsted, CT

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200 New Hartford Road - The Shops at Ledgebrook - Stop & Shop Gas

Winsted, CT 06098 - Rt 8/Winsted Submarket

Property Type:Retail Sub Type:Service Station Status:Existing Year Built:1996
Building Size:2,500 SF Land Area:.43 AC (18,861 SF)
For Sale Price:$551,000 Price/SF:$220.40
Cap Rate:6.35 %
Features:Dedicated Turn Lane, Pylon Sign, Signalized Intersection

Approved for 92,000 square feet, stand alone building site. All approvals in place, off site work completed. All utilities stubbed to site. Building permit can be pulled in 60 days after the final site plan has been submitted. This is phase two to an existing center (108,000 sq ft) that includes a Super Stop & Shop that has just completed a multi-million dollar renovation. The buildable may be expandable beyond the 102,000
but would require additional time for approvals, but do-able.

On Route 44, 1/2 mile from Route 8. Traffic light controls ingress and egress. Stop & Shop just built a gas station on a pad site, two major Banks in center, Blockbuster Video and Rite aid.

Sale Notes:
For sale is the leasehold interest in a Stop & Shop gas station located in Winsted, CT. The property is located on a ground lease which has 92 years of remaining lease term. The ground lease rent has been pre-paid for the entire lease term resulting in no rent obligation to the land owner. The gas pad which was constructed in 2005 is operated by Stop & Shop and sits in front of a 105,000 sf +/- Stop & Shop anchored shopping center.

Tenants in the center include Rite Aid and Webster Bank among others. Stop & Shop has been operating very successfully at this location since 1989 and is currently in their second extension option. The property is located across the street from Northwestern Regional High School which has 750 +/- students. Other tenants in the immediate area include McDonald' s, CVS and Dunkin Donuts to the west. Just east of the property is a shopping center whose tenants include Sears, Tractor Supply Co, GNC, RadioShack, Subway, Family Dollar, and Peebles.

EXP Realty Advisors
Daniel R de Sa'
(212) 972-3947

Robert P James
(212) 686-0072

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