Windsor Locks Strip Center
Windsor Locks, CT
Key Details
| Price: | $2,364,143 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $165,490 |
| Address: | 209 Ella Grasso Turnpike, Windsor Locks, Connecticut 06096 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 9/15/2015 |
| Lease Expiration: | 10/31/2035 |
| Lease Term Remaining: | 10.8 Years |
| Lot Size: | 1.42 Acres |
| Building Size: | 7,974 SF |
| Year Built: | 2005 |
NNN Pro is pleased to present the exclusive listing for the Windsor Locks Strip Center located at 209 Ella Grasso Tpke,Windsor Locks, CT 06096. The site consists of roughly 7,974 rentable square feet of building space on an estimated 1.42-acreparcel of land. This strip center has an average weighted lease term of over 7.5 years and the current annual rent is $165,490 with strong rental increases throughout the base term and option periods.
About the Investment
- 100% Leased Strip Center | The subject property is a five-unit strip center fully leased with an average weighted lease term of over 7.5 years with strong rental increases throughout the base term and option periods.
- Passive Investment with Limited Landlord Responsibilities | All tenants reimburse for their share of expenses incurred by the landlord, including parking lot maintenance and HVAC repair and replacement. Landlord is only responsible for roof & structure and parking lot replacement.
- Strong Regional and National Tenants | Access PT has over 70 locations. Hot Head Burritos has 81 locations. Jamaican Kitchen has six units, and Smoking Ape Co. has 14 units. All tenants have proven track records of success.
Key Details
| Price: | $2,364,143 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $165,490 |
| Address: | 209 Ella Grasso Turnpike, Windsor Locks, Connecticut 06096 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 9/15/2015 |
| Lease Expiration: | 10/31/2035 |
| Lease Term Remaining: | 10.8 Years |
| Lot Size: | 1.42 Acres |
| Building Size: | 7,974 SF |
| Year Built: | 2005 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
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
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.