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- LoopNet Team
267 Washington Ave
North Haven, CT 06473
Arby's (Corp. 7+ Yrs Remain) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Absolute NNN Lease with 7+ Years Remaining
- 10% Rent Increases Every 5 Years with the Next Set to Increase in 2022
- 8 Miles North of Yale University and New Haven, CT
- Near New Amazon Fulfillment Center Opened in July 2019 (2,000+ Full Time Employees)
- Amazon Fulfillment Center is 855,000 SF and Cost $250 Million to Build
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
ABOUT 267 WASHINGTON AVE , NORTH HAVEN, CT 06473
Marcus & Millichap is proud to offer for sale the fee simple ownership in a corporate guaranteed Arby’s restaurant located in North Haven, Connecticut. The tenant has been operating at this location for more than twelve (12) years and currently has over seven (7) years remaining on the initial lease term. Additionally, the lease calls for above market 10% rent increases every five years, with the next rent increase taking place in 2022. As of July 2019, the subject property is now positioned along the main thoroughfare (Washington Ave) leading the 2,000+ full time employees at the brand-new Amazon Fulfillment Center to and from Interstate 91. In July of 2019, the Amazon Fulfillment Center was officially opened. This site is positioned on 168-acre parcel, employs more than 2,000 full time employees, consists of 855,000 square feet and cost $250,000,000 to build. Given the proximity to Arby’s, this site is bound to receive a boost from the increase in traffic and built in customer base.
PROPERTY TAXES
| Parcel Number | NRHV-000080-000000-000003 | Improvements Assessment | $453,740 |
| Land Assessment | $862,680 | Total Assessment | $1,316,420 |
PROPERTY TAXES
