Newington, CT

Price: $2,616,000
Cap Rate: 5.4%
NOI: $141,273
Building Size: Approx. 7,200 Sq. Ft.
Lot Size: Approx. 0.81 Acres
Status: Available
Sub Category: Automotive Parts
Year Built: 2019

Investment Overview

  • 2019 Construction. 7,200+/- SF Building on .81+/- Acre Site
  • New 20-Year Corp Lease w/ Rent Bumps in Base & in Options
  • Located along Berlin Turnpike (36K VPD) & Pane Rd (15K VPD)
  • Near Target, Lowe’s, Best Buy, Sam’s Club, Starbucks, 7-Eleven
  • Strategically located on the edge of Newington, Berlin, & New Britain
  • Across Eversource Energy HQ (Serves More than 4Million Customers)
  • Newington is a suburb of Hartford located 10-Miles south of Downtown
  • Located in New Haven County  – Home to world known Yale University
  • Local Economy: University | Healthcare | Financial Services | Retail Trade
  • Geographical benefit with proximity to major cities like Boston and New York
  • 5-Mile Est Day Population: 108,873  | 5-Miles Average HH Income: $90,300
  • Greater New Haven (MSA) | 3RD Most Populous County in CT | Pop: 862,477