Historical Retail Sale Listing - Taco Bell Pad Site

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Taco Bell Pad Site

135 East Main Street, New Britain, CT 06051

N/A

3,208 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
3,208 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
7 years left on lease
Cap Rate:
6.50%
Tenancy:
Single
Lot Size:
1 AC
Listing ID
17572383
Last Updated
over 1 year ago

Description

CBRE has been retained as the exclusive agent for the sale of 135 East Main Street in New Britain, CT, a one-acre parcel with a ±3,208 SF free-standing Taco Bell (with drive-thru) ground leased through October 2019. The Property is highly visible along East Main Street (±15,500 cars per day), which provides easy access to Route 72, a major thoroughfare that connects to Interstates 84 and 91, as well as Route 9. Located across from the ±156,000 SF New Brite Plaza, anchored by Marshalls, Ocean State Job Lot and Save-A-Lot, and featuring other national retailers including McDonald' s, Dunkin Donuts, Radio Shack and Advance Auto, 135 East Main Street provides a prime location, stable income through 2019 with no landlord responsibilities and potential long-term upside upon Taco Bell' s ground lease expiration.

In short, 135 East Main Street offers:

*Ground leased to Taco Bell (±$56,000 in-place income) through October 2019 with no Landlord responsibilities. Taco Bell is owned by Yum! Brands, Inc. (S&P BBB-), which is the largest fast food restaurant operator in the world.

*Potential long-term rental-rate upside upon Taco Bell' s 2019 ground lease expiration.

*Highly visible location along East Main Street (±15,500 cars per day) with convenient access to Route 72, a major thoroughfare that provides access to Interstates 84 and 91, as well as Route 9.

*Situated immediately opposite New Brite Plaza, a ±156,000 SF center anchored by Marshalls, Ocean State Job Lot and Save-A-Lot, and also occupied by other well-known retailers such as Radio Shack, Dunkin Donuts, McDonald' s, Advance Auto and Town Fair Tire.

Map of 135 East Main Street, New Britain, CT 06051 (Hartford County)

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