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373 375 383 East Main St
Branford, CT 06405
Land For Sale
·
0.98 AC
Investment Highlights
- UTILITIES INCLUDED; In-place NOI from billboard; Right off Exit 55 Boston Post Road
Property Facts
| Property Type | Land | Total Lot Size | 0.98 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.98 AC |
| No. Stories | 1 |
Description
ALL UTILITIES included. IN-PLACE NOI stream attributable to billboard on Parcel A that has exposure to Interstate 95. Current NOI is $28,000 per annum, in September of 2019 there's a 14.3% rental increase, raising the NOI to $32,000, and another rent increase in September of 2020 increasing billboard NOI to $40,000. NOTE: THIS OFFERING IS FOR PARCELS A ONLY (PID: 1097), AND DOES NOT INCLUDE PARCELS B, C, OR D.
Property Taxes
| Parcel Number | BRAN-000005G-000004-000002-000001 | Improvements Assessment | $116,300 |
| Land Assessment | $412,900 | Total Assessment | $529,200 |
Property Taxes
Parcel Number
BRAN-000005G-000004-000002-000001
Land Assessment
$412,900
Improvements Assessment
$116,300
Total Assessment
$529,200
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