1166 E Main St - Fast Food FOR SALE


Torrington, CT 06790
$2,239,040 USD
781-776-4003
1166 E Main St, Torrington, CT for Sale
$2,239,040 USD
Fast Food - FOR SALE
1/8
null | 6.25% Cap Rate

1166 E Main St
Torrington, CT 06790


HIGHLIGHTS

  • Newer Construction
  • Long-Term Lease
  • Attractive Rent Increases
  • Investment Grade Credit
  • Strategic Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a newer construction (2022) Starbucks located at 1166 East Main Street in Torrington, Connecticut (the “Property”). Starbucks has 7+ years remaining on their primary lease with six (6), 5-year renewal options. The lease features rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property is strategically located along East Main Street (US-202) at the signalized intersection with Buena Vista Avenue and directly in front of a BJ’s Wholesale Club-anchored retail center. The Property enjoys excellent frontage, access, visibility and signage along East Main Street, with additional frontage on Buena Vista Avenue and a second access point on Albany Street. East Main Street is Torrington’s primary retail and commercial corridor, where the Property is situated between Torrington’s downtown and an extensive retail trade area punctuated by Walmart, Home Depot, Stop & Shop and Market 32.

FOR SALE DETAILS

PRICE

$2,239,040 USD

PRICE/SF

$1,074 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

TORR-000133-000011-000001

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.