$11,665,000 USD
949-903-3399
325 Cottage Grove Rd
Bloomfield, CT 06002
Bloomfield/Windsor
HIGHLIGHTS
- Lowe’s Home Improvement Corporate Lease - Recent Capital Expenditure Demonstrates Tenant Site Commitment - $750-900K Spend on Parking Field
- 8.5 Lease Yrs Remaining – Five, 10-Year Options – Early Renewal Executed in 2023 - Long-Term Operating History - Since 2002
- Rent Increases – 10% Inc in Options 1-3 – FMV Inc in Options 4-5 - Below-Market Rent with FMV Resets Offers Long-Term Upside - Current Rent $3.72 PSF
- Approx. 160,000 SF Building on 13.09-Acre Parcel - Anchor Tenant to Copaco Center, a Dominant Grocery-Anchored Shopping Center
- Positioned on Cottage Grove Road (22,700 VPD) – Excellent Visibility & Ingress/Egress
- Strong Demographics – 186,900+ Residents within a 5-Mile Radius - Average Household Income Exceeding $110,100 within a 5-Mile Radius
OVERVIEW
The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the Lowe’s Home Improvement ground lease in Bloomfield, CT. Lowe’s, a publicly-traded company (NYSE: LOW), has an investment-grade credit rating of BBB+ from S&P (Moody’s: Baa1), operates over 1,700 home improvement stores, and has a market cap exceeding $138 billion.
FOR SALE DETAILS
PRICE
$11,665,000 USD
PRICE/SF
$73 USD /SF
CAP RATE
5.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lowe's
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
658
LAND DETAILS
CROSS STREETS
Granby Street
LAND ACRES
13.09 AC
LAND SF
570,200 SF
ZONING
I-1
APN/PARCEL ID
-
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949-903-3399
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949-903-3399
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