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1303-1313 Gold Star Hwy Groton, CT 06340

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For Sale
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Fully occupied shopping center with stable cash flow and zero vacancy.

Lot size:
1.53 Acres

Property Features for 1303-1313 Gold Star Hwy

General Information

Standard status
Active
Lot size
1.53 Acres

Building Details

Year built
1978

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Listing Contact
Myles Scherr
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.

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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

Suggested Use

Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

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

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).
More about this property
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