495 Monroe Tpke - Storefront FOR SALE
Monroe, CT 06468 |
$2,366,000 USD
770-672-5931
495 Monroe Tpke
Monroe, CT 06468
HIGHLIGHTS
- The Largest Global Auto Parts Network; Webster Bank: A Well-Established American Commercial Bank With Over 196 Locations and $76 Billion in Assets
- 2% Annual Rent Increases, Providing Built-in Growth and Hedging Against Inflation
- The Property is Located in Monroe, CT, a Highly Sought-After Community With an Average Household Income Exceeding $160,000
- The Property Operates Under a Triple Net (NNN) Lease, Meaning Tenants (NAPA Auto Parts and Webster Bank) Are Responsible For All Property Taxes Etc.
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,560 SF NAPA Auto Parts Located at 495 Monroe Turnpike in Monroe, CT. Property Operates Under a Triple Net (NNN) Lease, With Minimal Landlord Responsibilities That Results in Reducing Landlord Management Involvement and Costs, Providing For a Secured Investment.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
FOR SALE DETAILS
PRICE
$2,366,000 USD
PRICE/SF
$224 USD /SF
CAP RATE
7.06%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NAPA Auto Parts & Webster Bank - Monroe, CT
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Auto Dealership, Auto Repair, Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
DB1
APN/PARCEL ID
MONR-000390-008500
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770-672-5931
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770-672-5931
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