520 Talcottville Rd
Vernon, CT 06066
Retail Property For Sale

Marcus and Millichap is pleased to present 520 Talcottville Road Vernon, Connecticut. The subject property is a 3,479 square-foot gas station property on a 0.96 acre corner lot. The property is an established gas station in the area, and has recently undergone extensive improvements and rebranding as a Shell station. The subject features a Dunkin Donuts with a full service drive-thru along with a Subway, both located within the convenience store on premises. Improvements include new 30-year tanks with new pumps and dispensers, and remodeling of the Dunkin Donuts and convenience store. The tenant, an established business operator, holds a 20 year triplenet (NNN) master lease and in turn subleases space to the existing Dunkin Donuts and Subway operators, offering an investor a true management-free asset. The property benefits from its corner location in a strong retail corridor along Talcottville Road / Route 83 which provides combined exposure to over 35,000 vehicles per day. The property sits across from a Walgreens and Advanced Auto Parts and is adjacent to other retail. Additional area retailers include: Stop & Shop, Aldi, Tractor Supply, Dollar General, Ace Hardware, Webster Bank, and more. The subject is also located within a dense residential neighborhood with several apartment communities totaling over 1,500 apartments in the immediate area, including Willowbrook Apartments; a 424 unit apartment complex directly across the street from the subject. The surrounding area shows excellent demographics, with a population over 85,000 and an average household income (AHHI) over $91,000 within a 5-mile radius. The offering presents the rare opportunity to acquire a long-term net leased asset with no landlord responsibility.