1083 Orange Ave - Auto Repair FOR SALE


West Haven, CT 06516
$1,333,333 USD
617-865-1145
1083 Orange Ave, West Haven, CT for Sale
$1,333,333 USD
Auto Repair - FOR SALE
1/3
null | 6.75% Cap Rate

1083 Orange Ave
West Haven, CT 06516


HIGHLIGHTS

  • Long-term Sale-Leaseback Opportunity with Strong Rental Increases
  • Absolute NNN Lease
  • Experienced and Growing Operator
  • Ideal Demographics for Take 5 Oil Change

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1083 Orange Ave, West Haven, CT 06516 (Orange Ave is Route 1 or “The Boston Post Road”). The site consists of roughly 1,408 rentable square feet of building space on an estimated 0.36-acre parcel of land. This Take 5 Oil Change is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 10.00% every 5 years, resulting in average annual rent of $99,300 over the 15 year lease.

FOR SALE DETAILS

PRICE

$1,333,333 USD

PRICE/SF

$947 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.