Two-Tenant NNN Retail
32 Rubber Avenue, Naugatuck, CT 06770
For Sale
Contact for pricing
Both occupants have long-term lease commitments with contractual rent increases.
Property SizeContact for details
Days on Market47
Property Features for 32 Rubber Avenue
General Information
Standard status
Property subtype
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Tenancy
Listing Agency:
JLL - New York City, New York
Listed By:
Alex Geanakos · License #IL: #475.189621
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 2:21PM
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 JLL - New York City, New York
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Investment Insights
Based on property information with market context.
This NNN retail property at 32 and 56 Rubber Avenue in Naugatuck is occupied by Town Fair Tire and Advance Auto Parts. The leases have a combined weighted average remaining term of 9.3 years. Town Fair Tire has a 10-year lease and two 5-year renewal options, with 10% increases at each renewal. Advance Auto Parts has committed to a fourth 10-year term; its lease includes contractual increases.
The property is adjacent to the planned Naugatuck train station, scheduled for 2027. The station-area redevelopment is planned to include 180 mixed-income residential units and more than 7,000 square feet of retail space.
The property is adjacent to the planned Naugatuck train station, scheduled for 2027. The station-area redevelopment is planned to include 180 mixed-income residential units and more than 7,000 square feet of retail space.
Key Highlights
- Two retail tenants: Town Fair Tire and Advance Auto Parts
- 9.3 years of weighted average lease term
- Town Fair Tire lease: 10 years, with two 5‑year options and 10% increases at each renewal
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 34%
Electronics 3%
Mobil
Shops & Services
12,552 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
11,498 visits/mo
0.1 miles
Duchess
Dining
5,540 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
5,188 visits/mo
0.1 miles
Friendly's Ice Cream
Dining
4,456 visits/mo
0.1 miles
Demographics for 06770, CT
31,634
Population
13,156
Households
2.4
Avg Household Size
40
Median Age
32%
College-Educated
91%
High-School Grad
16.4 sq mi
ZIP Area
1,929
Density / Sq Mi
$92,047
Median Household Income
$47,615
Median Earnings
$1,309
Median Rent
$241,500
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - Both occupants have long-term lease commitments with contractual rent increases.
Where is this nnn property located?
The property is located at 32 Rubber Avenue Naugatuck, CT.
What is the asking price?
The asking price for this property is $5,010,000.
What are key features of this property?
This property features: Two retail tenants: Town Fair Tire and Advance Auto Parts; 9.3 years of weighted average lease term; Town Fair Tire lease: 10 years, with two 5‑year options and 10% increases at each renewal
