44 Lake Avenue Ext - Supermarket FOR SALE


Danbury, CT 06811
$18,850,000 USD
949-724-5552
44 Lake Avenue Ext, Danbury, CT for Sale
$18,850,000 USD
Supermarket - FOR SALE
1/5
null | 6.39% Cap Rate

44 Lake Avenue Ext
Danbury, CT 06811


HIGHLIGHTS

  • Stop & Shop – Legacy Location - 1989 Corporate Lease
  • Recent Significant Capital Investment made by Tenant - Consolidation Location
  • Strong Stores Sales
  • Free Standing Location - Prominently Displayed Location along Lake Ave & Hwy 84
  • Recent Mill & Overlay of the Entire Parking Lot - Landlord Responsible for Building Structure Only

OVERVIEW

Colliers National Net Lease Group is pleased to present an opportunity to purchase a single tenant net leased Stop & Shop with 5 years remaining on its current lease term and successful operation at this location since 1989. This location has recently undergone a major interior upgrade by the tenant, following the consolidation of a nearby store to this location. This STNL ‘necessity’ based free standing location sits prominently along Lake Ave Ext with easy access along Hwy 84 which runs from Massachusetts through to Pennsylvania. Stop & Shop Danbury is poised to provide true passive income for years to come.

FOR SALE DETAILS

PRICE

$18,850,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stop & Shop Supermarkets

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

267

LAND DETAILS

LAND ACRES

5.21 AC

LAND SF

226,948 SF

ZONING

CA80

APN/PARCEL ID

DANB-000015F-000000-000036

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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