701 Farmington Ave - Service Station FOR SALE


Bristol, CT 06010- Bristol/Plainville
$2,202,000 USD
781-776-4006
701 Farmington Ave, Bristol, CT for Sale
$2,202,000 USD
Service Station - FOR SALE
1/9
null | 7.5% Cap Rate

701 Farmington Ave
Bristol, CT 06010
Bristol/Plainville


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • Strong Tenant
  • Scheduled Rent Increases
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net leased Stop & Shop Gas Station located at 701 Farmington Avenue in Bristol, Connecticut (“the Property”). The Property is situated on a 0.39-acre parcel with 10 fueling stations. Stop & Shop has operated a gas station at this location since its construction in 2009 on a 20-year Absolute NNN Lease. There are over 3 years of term remaining followed by eight (8), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. The Stop & Shop Gas Station is prominently located along Farmington Avenue (CT Route 6), one of Bristol’s primary commercial and commuter corridors. The gas station is highly visible on Farmington Avenue with ample frontage and multiple access points. Situated adjacent to the Stop & Shop supermarket, the gas station benefits from the steady flow of grocery shoppers and daily commuters. Farmington Avenue offers extensive array of national retailers as well as various dining establishments and service-oriented businesses, all contributing to consistent consumer traffic throughout the day.

FOR SALE DETAILS

PRICE

$2,202,000 USD

PRICE/SF

$1,119 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stop & Shop Gas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

BG

APN/PARCEL ID

BRIS-000053-000000-000005A

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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