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355 Foxon Blvd 2,046 SF Retail Building New Haven, CT 06513 $2,950,000 ($1,441.84/SF) 4.74% Cap Rate
Investment Highlights
- Freeway Close
- Absolute NNN
- Corner Location
- Drive-Thru Lane
- Annual Rent Increases
Executive Summary
Absolute NNN Lease: The property operates under a true triple-net lease structure, providing a passive investment with minimal landlord responsibilities and predictable income.
Strong National Tenant: Taco Bell is a leading quick-service restaurant brand with strong sales performance and is operated by an experienced multi-unit franchisee, reducing tenant risk.
Built-In Rent Growth: The lease includes 2% annual rent increases, offering consistent income growth and a hedge against inflation over the lease term.
Strong National Tenant: Taco Bell is a leading quick-service restaurant brand with strong sales performance and is operated by an experienced multi-unit franchisee, reducing tenant risk.
Built-In Rent Growth: The lease includes 2% annual rent increases, offering consistent income growth and a hedge against inflation over the lease term.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,046 SF
Building Class
B
Year Built
1998
Price
$2,950,000
Price Per SF
$1,441.84
Cap Rate
4.74%
NOI
$139,830
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.78 AC
Zoning
General Business
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NHVN-000118-001035-000300 | Improvements Assessment | $323,470 |
| Land Assessment | $799,330 | Total Assessment | $1,122,800 |
Property Taxes
Parcel Number
NHVN-000118-001035-000300
Land Assessment
$799,330
Improvements Assessment
$323,470
Total Assessment
$1,122,800
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355 Foxon Blvd
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