411 W Main St - Service Station FOR SALE


Avon, CT 06001- Avon/Burlington
$2,999,000 USD
617-584-5454
411 W Main St, Avon, CT for Sale
$2,999,000 USD
Service Station - FOR SALE
1/4
null | 5.85% Cap Rate

411 W Main St
Avon, CT 06001
Avon/Burlington


OVERVIEW

Boston Real Estate Advisors is pleased to present this exclusive opportunity to purchase a net-leased property leased as a Mobil Gas and Convenience Store located at 411 West Main Street in Avon, Connecticut (the “Property”). There are 7.7 years remaining on the initial 20-year lease term with 8, five year renewal options. The option periods include a 10% rent increase at the start of each option period. The property is located at a highly visible .43 acre corner parcel at a signalized intersection of Route 44 and Route 167 in a dense retail area. Avon is an affluent suburb of Hartford with a population of 18,000. *INITIAL 20-YEAR TERM: There are 7.7 years remaining on the initial 20-year lease term with 8, five-year renewal options that include a 10% rent increase at the start of each option period. *LEASE GUARANTOR: Global Partners LP, a Fortune 500 Company with $17+ Billion in Revenue. *SITE LOCATION: Premier location on a four way, signalized intersection in Avon's central retail corridor. *AREA LOCATION: Affluent population with average household income over $160,000. Major retailers include CVS, Walgreens, Stop & Shop and Marshalls. Multiple open-air shopping destinations in the area such as Avon Marketplace, Simsbury Commons and The Shoppes at Farmington Valley. *HIGH TRAFFIC COUNTS: Route 44 (West Main Street) has an average daily traffic count of over 35,000 vehicles and Route 167 (W Avon Road) has an average daily traffic count of over 14,000 vehicles.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$3,408 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Bushy Hill Road

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

-

APN/PARCEL ID

AVON-000006-000000-000454-000411

ASK ABOUT THIS PROPERTY

Craig BarkerBoston Real Estate/Coastline Real Estate AdvisorsMore Info
617-584-5454

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Craig BarkerBoston Real Estate/Coastline Real Estate AdvisorsMore Info
617-584-5454

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