288 Queen St Southington, CT 06489
NNN ground lease with 10+ years remaining and rental increases.
Property size:
5,978 SFLot size:
2.26 AcresProperty Features for 288 Queen St
General Information
- Size
- 5,978 SF
- Lot size
- 2.26 Acres
Source:
Moodyscre
Listing Agent: Bob Moorhead
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Southington Auto Shop Investment Opportunity
Constructed in 1983, this property features a 5,978 square foot building on a 2.11 acre lot. The property has a newly executed lease extension with over 10 years remaining on an NNN ground lease, which includes 10% rental increases every 5 years. Situated on Queen Street, the location benefits from high visibility with approximately 17,500 to 21,400 vehicles passing daily. It is also located just off I-84, which sees approximately 50,200 vehicles per day. The property is less than 10 minutes from Lake Compounce Amusement Park and Mount Southington Ski Area. The surrounding area includes national retail anchors such as Walmart, BJ’s Wholesale Club, Price Chopper, and Home Depot. The property is leased to Firestone Complete Auto Care, backed by Bridgestone, a large tire and rubber company with over 1,700 locations nationwide. The property is located in Southington, within the Hartford MSA, a major employment hub with a population of 43,800.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Firestone Complete Auto ...
(Bike/Boat/Book/etc) Store
Bridgestone
(Bike/Boat/Book/etc) Store
Similar Places Nearby
Vision Driven Logistics and Truck Repair, Classic Auto Body Shop, Valvoline Instant Oil Change, Midas, Fleet Solutions
Location Insight
- Map
- Local Demand
- City
- Southington
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8742724
- Latitude
- 41.6243565
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN ground lease with 10+ years remaining and rental increases.
Where is this auto shop located?
The property is located at 288 Queen St Southington, CT.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: - NNN Ground Lease with 10+ Years Remaining and 10% Rental Increases Every 5 Years; - Strong Visibility on Queen Street (±17,500–21,400 VPD) and Proximity to I-84 (±50,200 VPD); - Located in the Hartford MSA – Major Employment Hub with a Population of 43.800+