Stop & Shop Fueling
For Sale
Contact for pricing
207 West St, Cromwell, CT 06416
Absolute NNN ground lease stop & shop fueling station with zero landlord obligations and added income from an on-site cell tower.
Property SizeContact for details
Days on Market121
Property Features for 207 West St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
The Kase Group
(415) 269-2474
Listed By:
Jacob Abusharkh · License #CA 01385529
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 6:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kase Group
Investment Insights
Based on property information with market context.
This offering provides the opportunity to acquire 100% fee simple interest in an absolute NNN ground lease featuring a Stop & Shop fueling station. The lease provides for zero landlord obligations, with rent increases every five years, including during the eight 5-year option periods. The tenant also generates additional income from an on-site cell tower.
The Stop & Shop fueling station is located on a major commercial thoroughfare off Chester Bowles Highway and benefits from being positioned across from Cromwell Square shopping center. Stop & Shop is identified as the dominant grocer in the Cromwell marketplace.
The tenant is a subsidiary of Koninklijke Ahold N.V. (Ahold), which is stated as having an S&P rating of BBB. The remarks also note Ahold US produced over $26.1 billion in net sales in 2013.
The Stop & Shop fueling station is located on a major commercial thoroughfare off Chester Bowles Highway and benefits from being positioned across from Cromwell Square shopping center. Stop & Shop is identified as the dominant grocer in the Cromwell marketplace.
The tenant is a subsidiary of Koninklijke Ahold N.V. (Ahold), which is stated as having an S&P rating of BBB. The remarks also note Ahold US produced over $26.1 billion in net sales in 2013.
Key Highlights
- Absolute NNN ground lease with 100% fee simple interest in a Stop & Shop fueling station
- Lease structure states zero landlord obligations
- Tenant rent increases occur every five years, including during eight 5‑year option periods
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
366k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 24%
Groceries 24%
Apparel 16%
ShopRite
Groceries
44,738 visits/mo
0.3 miles
Stop & Shop
Groceries
42,083 visits/mo
0.1 miles
Texas Roadhouse
Dining
29,632 visits/mo
0.3 miles
Burlington
Apparel
29,059 visits/mo
0.2 miles
Marshalls
Apparel
27,903 visits/mo
0.2 miles
Demographics for 06416, CT
14,225
Population
6,286
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,138
Density / Sq Mi
$104,458
Median Household Income
$64,127
Median Earnings
$1,536
Median Rent
$311,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Absolute NNN ground lease stop & shop fueling station with zero landlord obligations and added income from an on-site cell tower.
Where is this gas station located?
The property is located at 207 West St Cromwell, CT.
What are key features of this property?
This property features: Absolute NNN ground lease with 100% fee simple interest in a Stop & Shop fueling station; Lease structure states zero landlord obligations; Tenant rent increases occur every five years, including during eight 5‑year option periods
