15 Hazard Ave - Restaurant FOR SALE


$3,894,815 USD
781-776-4003
15 Hazard Ave, Enfield, CT for Sale
$3,894,815 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strong Tenant
  • Strategic Location
  • Top Performing Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple interest in the single-tenant, Absolute NNN Ground Lease, Red Robin located at 15 Hazard Avenue in Enfield, Connecticut (the “Property”). Red Robin has been at this location since it was constructed in 2004 and has 10+ years remaining on their lease with four, 5-year renewal options. Red Robin’s lease calls for attractive 10% rent increases every five years throughout the primary lease term and renewal options. The Property is a pad site to Enfield Commons and enjoys outstanding frontage and visibility along Hazard Avenue (CT Route 190), the area’s primary commercial corridor. The Property is seconds from Interstate 91 and is just 0.7-miles from US Route 5. Red Robin is adjacent to the signalized intersection with Phoenix Avenue, which also serves at the entrance to the Enfield Square Mall and is surrounded by grocers, big box retailers, and national retailers and restaurants that drive significant traffic to the area. Additionally, the area is home to densely developed residential neighborhoods that provide a captive customer base.

FOR SALE DETAILS

PRICE

$3,894,815 USD

PRICE/SF

$613 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

BR

APN/PARCEL ID

ENFI-000045-000000-000076

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.