74 South St - Garden Center FOR SALE


Bethel, CT 06801
$2,817,077 USD
404-504-7900
74 South St, Bethel, CT for Sale
$2,817,077 USD
Garden Center - FOR SALE
1/6
null | 6.5% Cap Rate

74 South St
Bethel, CT 06801


HIGHLIGHTS

  • New Absolute NNN Lease with 2% Annual Rent Increases
  • Strong Site-Level Performance | Generates Strong EBITDAR-to-Rent Coverage
  • Excellent Access & Visibility in Downtown Bethel
  • Substantial Built-In Customer Base | Nearly 3,200 Households Within 1-Mile
  • Affluent Demographics | Population of 103,787 & AHI of $122,495 within a 5-Mile Radius
  • Bridgeport-Stamford-Norwalk, CT MSA Advantage | MSA Population 965,140

OVERVIEW

CBRE is pleased to exclusively offer for sale the 19,014-total-square-foot Smithland Pet & Garden Center situated on 3.14 acres in Bethel, Connecticut—a component of the Bridgeport-Stamford-Norwalk, CT MSA (Population: 965,140). Smithland’s long-term absolute NNN lease features ±17.6 years of term remaining with 2.00% annual rent increases throughout the initial term and in each of the five 5-year renewal options. The lease also includes a corporate guaranty from CT Garden Holdings, LLC. This particular location generates strong revenues and EBITDAR-to-Rent coverage.

FOR SALE DETAILS

PRICE

$2,817,077 USD

PRICE/SF

$148 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smithland Pet & Garden Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Garden Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,778 SF

ZONING

I

APN/PARCEL ID

BETH-000022-000021-000001

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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