178-182 Pine St 2,640 SF Retail Building Bristol, CT 06010 $459,000 ($173.86/SF) 8.85% Cap Rate

182 Pine St., Bristol, CT is a fully leased two-unit retail investment secured by new long-term leases with established local tenants. The property generates stable, predictable cash flow supported by strong annual rent escalations.
Both tenants pay all utilities and all day-to-day operating expenses, including garbage removal, landscaping, and snow plowing. The landlord’s only obligations are real estate taxes and property insurance. With one new 10-year lease and one new 5-year lease, plus multiple renewal options, the asset offers dependable income and long-term stability.
This turn-key investment provides investors with predictable income and a straightforward operating structure.
INVESTMENT HIGHLIGHTS
Fully leased 2-unit retail investment
New 10-year and 5-year leases
Tenants pay all utilities and all day-to-day operating expenses
Minimal landlord responsibilities (taxes + insurance only)
Strong annual rent escalations
NOI: $40,600
Asking Price: $459,000 (8.85% Cap Rate)
Turn-key, low-maintenance investment
FINANCIAL SUMMARY
Sale Price: $459,000
Gross Income: $52,800
Expenses:
Taxes: $9,300
Insurance: $2,900
Total: $12,200
NOI: $40,600
Cap Rate: 8.85%
SALE PRICE: $459,000