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1882 Main St 7,784 SF Retail Building Bridgeport, CT 06604 $1,176,103 ($151.09/SF) 7.75% Cap Rate
Investment Highlights
- Building converted in 2012 to Advance Auto Parts, delivering modernized facilities tailored for automotive aftermarket retail with min. capital needs.
- Advance Auto Parts recently extended the lease early, underscoring their commitment to the location and confidence in the Bridgeport market.
- ±282,736 residents within a 5-mile radius, creating a robust customer base for automotive parts and services.
- Strong lease term with two additional 5-year extension options, ensuring long-term income visibility and stability.
- Situated just off Hwy 8 with over 91,500 vehicles daily, providing exceptional visibility and drive-by traffic for essential retail.
- Average household income of $123,839 annually, supporting consistent spending on vehicle maintenance and aftermarket parts.
Executive Summary
Kyle Matthews
License # REB.0790986
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | BRID-001506-000001 | Improvements Assessment | $553,070 |
| Land Assessment | $148,760 | Total Assessment | $701,830 |
Property Taxes
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1882 Main St
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