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Advance Auto Parts

New Hartford, Connecticut

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The NNN Pro Group is pleased to present the exclusive listing for the Advance Auto Parts property located at 443 New Park Ave in West Hartford, CT. The property consists of roughly 6,000 rentable square feet of building space on an estimated 0.47 parcel of land. Advance Auto Parts is subject to a long-term lease with 4 years remaining on the term. The current rent is $139,200 with 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 | 15- Year Lease | Tenant Exercised Their First Extension Option
✓ Investment Grade Credit | BBB- (S&P) | Baa2 (Moody’s)
✓ Compelling Real Estate Fundamentals | Located Less Than Three Miles from Hartford, CT
✓ Excellent Ease of Access and Visibility Off New Park Ave
✓ Ranked in the 88th Percentile of all Advance Auto Parts Nationwide on Placer.AI*

Key Details

Price:
$2,062,222
Cap Rate:
6.75%
Annual Rent:
$139,200
Address:
443 New Park Ave, New Hartford, Connecticut 06110
Property Type:
Net Lease Auto Service
Lease Type:
Double Net (NN)

Lease Commencement:
December 1, 2008
Lease Expiration:
December 31, 2028
Lease Term Remaining:
4 Years
Rental Increases:
In Each Option Period
Lot Size:
+/- 0.47 Acres
Building Size:
6,000 SF
Year Built:
2008
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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