1303-1313 Gold Star Hwy Groton, CT 06340
Fully occupied shopping center with stable cash flow and zero vacancy.
Lot size:
1.53 AcresProperty Features for 1303-1313 Gold Star Hwy
General Information
- Standard status
- Active
- Lot size
- 1.53 Acres
Building Details
- Year built
- 1978
Source:
Crexi
Listing Agency: EAC Properties LLC Listing Agent: Myles Scherr
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Occupied Groton Shopping Center
This is an opportunity to purchase a fully occupied neighborhood shopping center, approximately 11,355 square feet in size, situated on 1.53 acres. The property is anchored by a recently renovated Chelsea Groton Bank and supported by Domino's, a tattoo parlor, a hair salon, and a liquor store. The center offers stable cash flow, zero vacancy, and inflation-protected lease structures. The long-established Oak Tree Liquor Store business is included as a preferred package deal, but can be separated. The liquor store generates over $1.2 million in average gross sales and includes $235,000 of inventory. This combined real estate and business acquisition provides a chance to own a durable income stream in a high-traffic Groton corridor. Taxes are approximately $22,000 to $24,000 per year, and CAM is fully reimbursed by tenants, excluding capital improvements.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
Groton Square, Coinstar Kiosk | Bitcoin ATM, CoinMover Bitcoin ATM
Location Insight
- Map
- Local Demand
- City
- Groton
- County
- New London
- State
- Connecticut
- Longitude
- -72.025784
- Latitude
- 41.382458
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully occupied shopping center with stable cash flow and zero vacancy.
Where is this shopping center located?
The property is located at 1303-1313 Gold Star Hwy Groton, CT.
What are key features of this property?
This property features: - Fully occupied shopping center with stable cash flow and zero vacancy.; - Anchored by recently renovated Chelsea Groton Bank and supported by established businesses like Domino's and Oak Tree Liquor Store.; - Opportunity to acquire both the real estate and the long-established Oak Tree Liquor Store business (preferred package deal).
