500 Queen St | Southington, CT 06489
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- LoopNet Team
500 Queen St
Southington, CT 06489
7-Eleven - Trophy Freeway Location · Retail Property For Sale
Investment Highlights
- Absolute NNN Ground Lease- zero landlord responsibilities for operating or capital expenses
- Investment Grade Credit- 7-Eleven has an “A” rating from Standard & Poor’s
- Raise the Roost Location – Southern-inspired in-store restaurant concept by 7-Eleven featuring fried chicken, biscuits, wings, and sandwiches
- Corporate Backed Long-Term Lease- 7-Eleven, Inc. signed a new 15-year ground lease with rent commencing on November 1st, 2022
- Attractive Rent Increases – lease features 8% rent increases every 5 years in the primary term and options, providing a hedge against inflation
- Highly Desirable Freeway Location – Easily accessible via interstate-84 connecting Southington to Greater Hartford MSA serving over 85,700 VPD
Property Facts
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,714 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.20 AC
Zoning
B
Parking
16 Spaces
Frontage
238’ on Queen Street
Property Taxes
| Parcel Number | SOUT-000169-000000-000001 | Improvements Assessment | $831,100 |
| Land Assessment | $720,310 | Total Assessment | $1,551,410 |
Property Taxes
Parcel Number
SOUT-000169-000000-000001
Land Assessment
$720,310
Improvements Assessment
$831,100
Total Assessment
$1,551,410
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