1083 Orange Ave - Auto Repair FOR SALE
West Haven, CT 06516 |
$1,167,883 USD
415-307-9010
1083 Orange Ave
West Haven, CT 06516
HIGHLIGHTS
- 15-year sale leaseback at close of escrow with 10% rental increases every 5 years during the primary term
- Rare opportunity to purchase a nationally branded absolute NNN asset in the Northeast, situated halfway between New York City and Hartford, CT
- Excellent visibility & signage from the corner location of Boston Post Road & Jaffrey Street
- Strong traffic counts of approximately 21,000 VPD on Boston Post Road
- Subject property is located within 1-mile of the newly developed 200,000 SF Amazon distribution facility with over 100 employees and 15 loading docks
- Dense retail area near Target, Best Buy, McDonald’s, Starbucks, Wendy’s, O’Reilly Auto Parts, and Monroe Auto Parts
OVERVIEW
This Take 5 Oil Change, located halfway between New York City and Hartford, CT, features a 15-year sale leaseback with 10% rental increases every 5 years during the primary term. Strong national tenant, with parent company system-wide sales of over $6.2 billion (FY, 2023). Subject property is located in a dense retail node on Boston Post Road.
FOR SALE DETAILS
PRICE
$1,167,883 USD
PRICE/SF
$829 USD /SF
CAP RATE
6.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 Oil Change
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding, Service Station, Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,682 SF
ZONING
-
APN/PARCEL ID
-
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415-307-9010
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415-307-9010
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