178-182 Pine St - Restaurant FOR SALE


Bristol, CT 06010- Bristol/Plainville
$459,000 USD
203-753-5800
178-182 Pine St, Bristol, CT for Sale
$459,000 USD
Restaurant - FOR SALE
1/15
null | 8.85% Cap Rate

178-182 Pine St
Bristol, CT 06010
Bristol/Plainville


HIGHLIGHTS

  • Fully leased 2-unit retail investment
  • New 10-year and 5-year leases
  • Tenants pay all utilities and all day-to-day operating expenses
  • NOI: $40,600

OVERVIEW

182 Pine St., Bristol, CT is a fully leased two-unit retail investment secured by new long-term leases with established local tenants. The property generates stable, predictable cash flow supported by strong annual rent escalations. Both tenants pay all utilities and all day-to-day operating expenses, including garbage removal, landscaping, and snow plowing. The landlord’s only obligations are real estate taxes and property insurance. With one new 10-year lease and one new 5-year lease, plus multiple renewal options, the asset offers dependable income and long-term stability. This turn-key investment provides investors with predictable income and a straightforward operating structure. INVESTMENT HIGHLIGHTS Fully leased 2-unit retail investment New 10-year and 5-year leases Tenants pay all utilities and all day-to-day operating expenses Minimal landlord responsibilities (taxes + insurance only) Strong annual rent escalations NOI: $40,600 Asking Price: $459,000 (8.85% Cap Rate) Turn-key, low-maintenance investment FINANCIAL SUMMARY Sale Price: $459,000 Gross Income: $52,800 Expenses: Taxes: $9,300 Insurance: $2,900 Total: $12,200 NOI: $40,600 Cap Rate: 8.85% SALE PRICE: $459,000

FOR SALE DETAILS

PRICE

$459,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

8.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

BN

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Noah MatthewsMatthews Commercial Properties, LLCMore Info
203-753-5800

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Noah MatthewsMatthews Commercial Properties, LLCMore Info
203-753-5800

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