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88 New Britain Ave 6,054 SF 100% Leased Retail Building Rocky Hill, CT 06067 $999,900 ($165.16/SF) 7.70% Cap Rate
EXECUTIVE SUMMARY
Investment opportunity in PRIME Rocky Hill location at 88 New Britain Avenue. Anchored by 2 well established and long term tenants, this 6000+ SQFT medical/office space is in IMMACULATE condition and welcomes new ownership. This property also features over 6000+ SQFT of unfinished basement space, divided into 2 units, with the potential to lease to add additional income and increase NOI. 88 New Britain Avenue is conveniently located and offers easy access to Interstate 91 and just 10 minutes away from Hartford.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,054 SF
Building Class
C
Year Built
1999
Price
$999,900
Price Per SF
$165.16
Cap Rate
7.70%
NOI
$77,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
3.31 AC
Zoning
RC - Retail Commercial
Parking
39 Spaces (0.27 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
1 of 2
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88 New Britain Ave
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