2929 Berlin Tpke - Restaurant FOR SALE
Newington, CT 06111 |
2929 Berlin Tpke
Newington, CT 06111
HIGHLIGHTS
- Corporate Lease with over (7) Years Remaining on Term
- Absolute Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
- Attractive Rental Increases of Two Percent (2%) Annual Escalations & Stable NOI Growth
- Proven Location as demonstrated by the Site’s Operating History since 1993
- Real Estate Fundamentals - Bertucci’s sits on a large 3.56 Acre Parcel at the signalized intersection of the Berlin Turnpike & Griswoldville Avenue
- Outparcel to Price Chopper Anchored Center – Featuring National, Credit Tenants including Dick’s Sporting Goods, GameStop, Chili’s, & others
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Bertucci's Italian Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
7122
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
NEWI-000028-000001-A000000
