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+