288 Queen Street
Southington, Connecticut
Price:
$1,680,000
Cap Rate:
5.00%
NOI:
$84,000
Building Size:
Approx. 5,978 Sq. Ft.
Lot Size:
Approx. 2.11 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
1983
Investment Overview
- 1983 Construction. 5,978+/- SF Building on 2.11+/- AC
- Newly Executed Lease Extension with 10+ Years Remaining on NNN Ground Lease with 10% Rental Increases Every 5 Years
- Strong Visibility on Queen Street (±17,500–21,400 VPD) and Just Off of I-84 (±50,200 VPD)
- Less than 10 Mins. from Lake Compounce Amusement Park, & Mount Southington Ski Area—Two of CT’s Top Destinations
- Surrounded by National Retail Anchors – Walmart, BJ’s Wholesale Club, Price Chopper, and Home Depot
- Firestone Complete Auto Care – Backed by Bridgestone, the World’s Largest Tire & Rubber Company – With 1,700+ Locations Nationwide
- Southington | Located in the Hartford MSA – Major Employment Hub | Population: 43.800+