882 N Colony Rd
Wallingford, CT 06492
Retail Property For Sale

O,R&L Commercial is pleased to present a fully leased investment opportunity located at 882 North Colony Road in Wallingford. The property consists of a 7,810± SF single-story commercial building situated on 1.14± acres and is fully occupied by Advance Auto Parts under a long-term ground lease through November 30, 2031, with an additional five-year renewal option already exercised beginning in December 2026. Offered at a sale price of $1,850,000, the asset features an estimated 2026 lease rate of $134,660 NNN and a strong 7.28% cap rate, with rent escalations tied to CPI increases. Built in 1997, the masonry building offers excellent visibility along Route 5, 109 feet of frontage on North Colony Road, 45± parking spaces, and convenient access to I-91 Exit 15 with traffic counts of approximately 22,900 ADT. The tenant is responsible for taxes, utilities, insurance, maintenance, and janitorial expenses, making this a stable, low-management investment opportunity in a strong retail corridor.