882 N Colony Rd - Freestanding FOR SALE


Wallingford, CT 06492
$1,850,000 USD
860-916-1747
882 N Colony Rd, Wallingford, CT for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/3
null | 7.28% Cap Rate

882 N Colony Rd
Wallingford, CT 06492


HIGHLIGHTS

  • 2026 Lease Rate: $134,660 NNN*
  • 7.28% CAP Rate
  • 1.14 acres in the RF-40 Zone
  • Excellent Visibility
  • Traffic Count: 22,900 ADT

OVERVIEW

O,R&L Commercial is pleased to present a fully leased investment opportunity located at 882 North Colony Road in Wallingford. The property consists of a 7,810± SF single-story commercial building situated on 1.14± acres and is fully occupied by Advance Auto Parts under a long-term ground lease through November 30, 2031, with an additional five-year renewal option already exercised beginning in December 2026. Offered at a sale price of $1,850,000, the asset features an estimated 2026 lease rate of $134,660 NNN and a strong 7.28% cap rate, with rent escalations tied to CPI increases. Built in 1997, the masonry building offers excellent visibility along Route 5, 109 feet of frontage on North Colony Road, 45± parking spaces, and convenient access to I-91 Exit 15 with traffic counts of approximately 22,900 ADT. The tenant is responsible for taxes, utilities, insurance, maintenance, and janitorial expenses, making this a stable, low-management investment opportunity in a strong retail corridor.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

RF40

APN/PARCEL ID

WALL-000063-000000-000037

ASK ABOUT THIS PROPERTY

Jay MorrisO,R&L CommercialMore Info
860-916-1747

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

Jay MorrisO,R&L CommercialMore Info
860-916-1747

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