Advance Auto Parts 67 W Stafford Rd 6,782 SF Retail Building Stafford Springs, CT 06076 $1,963,371 ($289.50/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Occupancy | Original 15-Year Lease | Tenant Has Been Operating Out of This Location for Close to 20 Years
- Investment Grade Credit | BBB- (S&P) | Baa2 (Moody’s)
- Strong Commitment to Site |Tenant Recently Exercised Early 11 Year Extension and Added Additional Two (2), Five (5) Year Options
EXECUTIVE SUMMARY
The NNN Pro Group is pleased to present the exclusive listing for the Advance Auto Parts property located at 67 West Stafford Springs, CT. The property consists of roughly 6,782 rentable square feet of building space on an estimated 3.5 parcel of land. Advance Auto Parts is subject to a long-term lease with 10 years remaining on the term. The current rent is $137,436 with 8% increases at the start of each option period. There are two (2), five (5)-year tenant renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,782 SF
Building Class
C
Year Built
1901
Price
$1,963,371
Price Per SF
$289.50
Cap Rate
7%
NOI
$137,436
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.50 AC
Zoning
HB
Frontage
69’ on Stafford Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | STAF-000047-000002 | Improvements Assessment | $546,140 |
| Land Assessment | $243,810 | Total Assessment | $789,950 |
CONTACTS
-
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Stewart Hickey -
NNN Pro Group
