408 Queen St - Restaurant FOR SALE


Southington, CT 06489- Southington/Berlin
$2,233,957 USD
332-345-4222
408 Queen St, Southington, CT for Sale
$2,233,957 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

408 Queen St
Southington, CT 06489
Southington/Berlin


HIGHLIGHTS

  • Long-Term Triple Net (NNN) Lease
  • Strong Corporate Guarantee
  • Experienced Private Equity Ownership with Industry Focus

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Friendly's located at 408 Queen Street, Southington, CT 06489. The site consists of roughly 4,608 rentable square feet of building space on an estimated 0.8-acre parcel of land. This Friendly's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/24/2015. The current annual rent is $156,377 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,233,957 USD

PRICE/SF

$496 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Friendly's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

B

APN/PARCEL ID

SOUT-000157-000000-000006

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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