67 W Stafford Rd - Auto Repair FOR SALE


Stafford Springs, CT 06076- Ellington/Somers/Stafford/Union
$1,963,371 USD
203-887-8797
67 W Stafford Rd, Stafford Springs, CT for Sale
$1,963,371 USD
Auto Repair - FOR SALE
1/2
null | 7% Cap Rate

67 W Stafford Rd
Stafford Springs, CT 06076
Ellington/Somers/Stafford/Union


HIGHLIGHTS

  • Long-Term Occupancy | Original 15-Year Lease | Tenant Has Been Operating Out of This Location for Close to 20 Years
  • Strong Commitment to Site |Tenant Recently Exercised Early 11 Year Extension and Added Additional Two (2), Five (5) Year Options
  • Investment Grade Credit | BBB- (S&P) | Baa2 (Moody’s)

OVERVIEW

The NNN Pro Group is pleased to present the exclusive listing for the Advance Auto Parts property located at 67 West Stafford Springs, CT. The property consists of roughly 6,782 rentable square feet of building space on an estimated 3.5 parcel of land. Advance Auto Parts is subject to a long-term lease with 10 years remaining on the term. The current rent is $137,436 with 8% increases at the start of each option period. There are two (2), five (5)-year tenant renewal options.

FOR SALE DETAILS

PRICE

$1,963,371 USD

PRICE/SF

$289 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

HB

APN/PARCEL ID

STAF-000047-000002

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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