Firestone | GL Newington, CT

2897 Berlin Turnpike
Newington, CT

Price: $2,859,000
Cap Rate: 4.25%
NOI: $121,500
Building Size: Approx. 8,400 Sq. Ft.
Lot Size: Approx. 1.01 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 2015

Investment Overview

  • 8,400+/- SF Building on 1.01+/- Acre Site
  • 20-Year Corporate Absolute NNN Lease w/ 6.5% Rent Bumps Every 5-years, in primary term and options
  • Strategically located along Berlin Turnpike (36,000 VPD) across from the Connecticut Department of Transportation (3,000 employees)
  • 5-miles from Hartford Brainard International Airport (6.5M+ annual passengers)
  • Strong Demographics with Average HHI of $97,897 | Close proximity to major retailers including Target, Walgreens, Lowe’s, Panera Bread and many others
  • 8-Miles from Hartford, CT | Greater Hartford (MSA) Population: 1.2M+

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