146 New Britain Rd - Restaurant FOR SALE


Berlin, CT 06037
$3,826,087 USD
408-510-9057
146 New Britain Rd, Berlin, CT for Sale
$3,826,087 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

146 New Britain Rd
Berlin, CT 06037


HIGHLIGHTS

  • Brand-New 25-Year Absolute NNN Ground Lease With Zero Landlord Responsibilities
  • Operated by Burger Barn LLC – “A”-Rated Franchisee With 15 Burger King Locations Across CT, NY, NJ, and PA
  • ±5,804 SF Freestanding Burger King on ±0.95 Acres | Renovated in 2016 | Includes Drive-Thru and Ample Parking
  • High-Visibility Retail Corridor Along Silas Deane Highway (±40,000 VPD) With Easy Access to I-91
  • Dense and Affluent Demographics: 58,000+ Residents Within 3 Miles | Avg. HH Income $124K+
  • Minutes From Downtown Hartford, Goodwin University, and Major Employment Hubs

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new 25-year absolute NNN Burger King located at 872 Silas Deane Highway in Wethersfield, Connecticut—just minutes south of downtown Hartford. The ±5,804-square-foot restaurant, renovated in 2016, is positioned on ±0.95 acres with a dedicated drive-thru and ample parking. The property is leased to Burger Barn LLC, an “A”-rated multi-unit franchisee operating 15 Burger King locations across CT, NY, NJ, and PA. The lease provides 1.5% annual rental increases, four (4) five-year renewal options, and zero landlord responsibilities—delivering long-term, truly passive income. Strategically located along Silas Deane Highway (U.S. Route 99), the property benefits from daily traffic counts exceeding 40,000 vehicles and sits within an affluent trade area surrounded by Stop & Shop, CVS, Walgreens, Planet Fitness, and Dunkin’. The 3-mile radius boasts average household income above $124,000 and a population base exceeding 58,000. This offering represents a rare opportunity to acquire a trophy QSR asset in a high-visibility Hartford retail corridor, backed by a strong franchisee and a globally recognized brand.

FOR SALE DETAILS

PRICE

$3,826,087 USD

PRICE/SF

$1,196 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | 25yr Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

CCD-1

APN/PARCEL ID

BERL-000033-000023D-000001

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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