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Advance Auto Parts

Stafford Springs, Connecticut

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The NNN Pro Group is pleased to present the exclusive listing for the Advance Auto Parts property located at 67 West Stafford Springs, CT. The property consists of roughly 6,782 rentable square feet of building space on an estimated 3.5 parcel of land. Advance Auto Parts is subject to a long-term lease with 3 years remaining on the term. The current rent is $137,436 with 10% increases at the start of each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term.

✓ Long-Term Occupancy | Original 15-Year Lease | Tenant Exercised Their First Extension Period
✓ Investment Grade Credit | BBB- (S&P) | Baa2 (Moody’s)
✓ Adjacent to a Family Dollar and Across from Tractor Supply Co
✓ Several Car Dealerships Within a Mile of the Property | Ideal Consumer Base
✓ Ranked in the 90th Percentile of all Advance Auto Parts Nationwide on Placer.AI* | 6th Best in the State of Connecticut

Key Details

Price:
$1,895,668
Cap Rate:
7.25%
Annual Rent:
$137,436
Address:
67 West Stafford Road, Stafford Springs, Connecticut 06076
Lease Type:
Double Net (NN)

Original Lease Term:
15 Years
Lease Commencement:
December 8, 2006
Lease Expiration:
August 31, 2027
Lease Term Remaining:
3 Years
Rental Increases:
10% In Each Option Period
Lot Size:
3.5 Acres
Building Size:
6,782 SF
Tenant:
Advance Auto Parts

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: REB.0792373


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