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111 Rubber Ave
Naugatuck, CT 06770
Popeyes | Sale Leaseback · Retail Property For Sale
Investment Highlights
- Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income.
- NNN Ground Lease, the tenant is responsible for all operating expenses including taxes, insurance, CAM, and maintenance.
- Located just 0.5 miles from Route 8 (41,000 VPD) and benefiting from approximately 17,000 VPD along Rubber Avenue.
- The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator.
- The lease features 10% rental increases every five (5) years throughout the base term and option periods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,777 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$2,400,000
Price Per SF
$1,350.59
Cap Rate
5%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.47 AC
Zoning
RADD
Frontage
103’ on Rubber Avenue
Property Taxes
| Parcel Number | NAUG-000007-W002241 | Improvements Assessment | $411,810 |
| Land Assessment | $154,350 | Total Assessment | $566,160 |
Property Taxes
Parcel Number
NAUG-000007-W002241
Land Assessment
$154,350
Improvements Assessment
$411,810
Total Assessment
$566,160
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