NNN-Leased Car
263 Cherry Street, Milford, CT 06460
For Sale
Contact for pricing
A 20-year triple-net lease is scheduled to begin when escrow closes.
Property Size1,325 SF
Lot Size0.23 Acres
Price / SF$4,050
Days on Market47
Property Features for 263 Cherry Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Automotive Uses
Real Estate Included
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 5:34PM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
This car wash property at 263 Cherry Street in Milford, Connecticut, includes 1,325 rentable square feet of building area on an approximately 0.23-acre parcel. Summit Wash Holdings, doing business as Russell Speeder’s, is the named operator associated with the property.
A 20-year triple-net lease is scheduled to commence upon closing of escrow, with annual rent increases of 1.50%.
A 20-year triple-net lease is scheduled to commence upon closing of escrow, with annual rent increases of 1.50%.
Key Highlights
- 1,325 rentable square feet on an approximately 0.23‑acre parcel
- 20‑year triple‑net lease begins upon close of escrow
- Annual rent increases of 1.50%
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
186k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 25%
Dining 16%
Apparel 1%
ShopRite
Groceries
57,498 visits/mo
0.2 miles
Total Wine & More
Groceries
47,763 visits/mo
0.1 miles
Starbucks
Dining
19,581 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,493 visits/mo
0.2 miles
Cumberland Farms
Shops & Services
13,543 visits/mo
0.1 miles
Demographics for 06460, CT
37,310
Population
17,800
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,009
Density / Sq Mi
$106,776
Median Household Income
$66,334
Median Earnings
$1,804
Median Rent
$372,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Car wash - A 20-year triple-net lease is scheduled to begin when escrow closes.
Where is this car wash located?
The property is located at 263 Cherry Street Milford, CT.
What is the asking price?
The asking price for this property is $5,367,521.
What are key features of this property?
This property features: 1,325 rentable square feet on an approximately 0.23‑acre parcel; 20‑year triple‑net lease begins upon close of escrow; Annual rent increases of 1.50%
