Advance Auto Parts
Stafford, CT
Key Details
| Price: | $1,963,371 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $137,436 |
| Address: | 67 West Stafford Road, Stafford, Connecticut 06076 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 29 Years |
|---|---|
| Lease Commencement: | 12/8/2006 |
| Lease Expiration: | 12/31/2035 |
| Lease Term Remaining: | 10.9 Years |
| Rental Increases: | 8% Every Option |
| Lot Size: | 3.50 Acres |
| Building Size: | 6,782 SF |
| Year Built: | 2007 |
NNN Pro is pleased to present the exclusive listing for a Advance Auto Parts located at 67 West Stafford Road, Stafford, Connecticut 06076. The site consists of roughly 6782 rentable square feet of building space on an estimated 3.5-acre parcel of land. This Advance Auto Parts is subject to a 29-year Double Net (NN) lease, which commenced 12/8/2006. The current annual rent is $137,436 and has scheduled increases of 8% Every Option.
About the Investment
- Long-Term Occupancy | Original 15-Year Lease | Tenant Has Been Operating Out of This Location for Close to 20 Years
- Strong Commitment to Site |Tenant Recently Exercised Early 11 Year Extension and Added Additional Two (2), Five (5) Year Options
- Investment Grade Credit | BBB- (S&P) | Baa2 (Moody’s)
Key Details
| Price: | $1,963,371 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $137,436 |
| Address: | 67 West Stafford Road, Stafford, Connecticut 06076 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 29 Years |
|---|---|
| Lease Commencement: | 12/8/2006 |
| Lease Expiration: | 12/31/2035 |
| Lease Term Remaining: | 10.9 Years |
| Rental Increases: | 8% Every Option |
| Lot Size: | 3.50 Acres |
| Building Size: | 6,782 SF |
| Year Built: | 2007 |
Talk to the Pros
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Stewart Hickey
shickey@nnnpro.com
License: NY: 10401370869
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: REB.0792373
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.