O’Reilly Auto Parts

Subject Property

Meriden, CT

Price: $2,506,000
Cap Rate: 5.4%
NOI: $135,288
Building Size: Approx. 1 Sq. Ft.
Lot Size: Approx. 0.8 Acres
Status: Sale Pending
Sub Category: Automotive Parts
Year Built: 2018

Investment Overview

  • New Construction. 7,225+/- SF Building on .80+/- Acre Site
  • 20-Year Corporate Lease w/ Rent Bumps in Base & in Options
  • Located @ Intersection of Broad St (19K VPD) & Main St (26K VPD)
  • Across Stop & Shop | Near BOA, KFC, McDonalds, CVS, Dunkin Donuts
  • 1-Mile W of Meriden Green Park | 7-Miles E of Power Ridge MNT Resort
  • Meriden is equal distant to New Haven & Hartford (Top Populous Cities in CT)
  • Located in New Haven County¬† – Home to world known Ivy League University
  • Local Economy: Yale University | Healthcare | Financial Services | Retail Trade
  • 3-Mile Estimated Population: 60,129 | 5-Miles Average HH Income: $100,024
  • Geographical benefit with proximity to major cities like Boston and New York
  • Greater New Haven (MSA) | 3RD Most Populous County in CT | Pop: 862,477