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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
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,777 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.47 AC
Zoning
RADD - Residential Attached Dwelling District
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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