1683 Barnum Ave - Service Station FOR SALE


$1,653,543 USD
415-307-9010
1683 Barnum Ave, Stratford, CT for Sale
$1,653,543 USD
Service Station - FOR SALE
1/4
null | 6.35% Cap Rate


HIGHLIGHTS

  • 15-Year, true NNN, sale leaseback at close of escrow
  • New construction building with 3-service bays, has been open and operating since July 2023 with a proven track record
  • 10% rental increases every 5 years during primary term & option periods
  • Excellent visibility & signage from the corner location of Barnum Avenue (Route 1) and W Broad Street with 21K VPD on the hard corner
  • Rare opportunity to purchase a nationally branded absolute NNN asset in Fairfield County , Connecticut, with $90K HH Incomes and over 100K residents i
  • High barrier of entry store location within approximately 1-mile of the 160,000 SF Stratford Square and the Walmart/Home Depot anchored Stratford Cros

OVERVIEW

This Take 5 Oil Change 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). A proven location in a dense residential & retail area with over 100,000 residents in a 3-mile radius and traffic counts exceeding 21K VPD at the signalized corner intersection.

FOR SALE DETAILS

PRICE

$1,653,543 USD

PRICE/SF

$956 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Zandy SmithCP Partners CREMore Info
415-307-9010

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Zandy SmithCP Partners CREMore Info
415-307-9010

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