Ashley Homestore & Taco John's NNN
For Sale
Contact for pricing
56 Costello Road, Newington, CT 06111
Two occupants are secured by 10-year triple-net leases with scheduled rent increases.
Property SizeContact for details
Lot Size3.78 Acres
Days on Market42
Property Features for 56 Costello Road
General Information
Standard status
Active
Lot size
3.78 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$595,000
Additional Details
Gross Income
$595,000
Building Details
Tenancy
Multi
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Stewart Hickey · License #NY10401370869
Source:
Crexi
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 12:28AM
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
Investment Insights
Based on property information with market context.
This commercial property combines Ashley Homestore and Taco John's on an estimated 3.78-acre site at 56 and 56B Costello Road in Newington, Connecticut. The two occupants operate under separate 10-year triple-net lease agreements, creating a multi-tenant configuration with established contractual terms.
Lease economics include scheduled escalations during the lease term. Taco John's has an 11% increase scheduled for year 6, while Ashley Homestore provides 10% increases during each option period. The property is positioned as a branded retail and restaurant combination within a single commercial offering.
Lease economics include scheduled escalations during the lease term. Taco John's has an 11% increase scheduled for year 6, while Ashley Homestore provides 10% increases during each option period. The property is positioned as a branded retail and restaurant combination within a single commercial offering.
Key Highlights
- Ashley Homestore and Taco John's occupy the property
- Estimated 3.78‑acre parcel
- Separate 10‑year Triple Net (NNN) leases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
575k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Dining 18%
Groceries 16%
Electronics 8%
Walmart
Superstores
107,564 visits/mo
0.5 miles
Target
Superstores
104,227 visits/mo
0.3 miles
Stew Leonard's
Groceries
93,634 visits/mo
0.5 miles
Chick-fil-A
Dining
43,611 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
32,922 visits/mo
0.2 miles
Demographics for 06111, CT
30,536
Population
13,334
Households
2.3
Avg Household Size
45
Median Age
40%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,349
Density / Sq Mi
$98,585
Median Household Income
$54,916
Median Earnings
$1,487
Median Rent
$279,900
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?
NNN property - Two occupants are secured by 10-year triple-net leases with scheduled rent increases.
Where is this nnn property located?
The property is located at 56 Costello Road Newington, CT.
What is the asking price?
The asking price for this property is $7,677,419.
What are key features of this property?
This property features: Ashley Homestore and Taco John's occupy the property; Estimated 3.78‑acre parcel; Separate 10‑year Triple Net (NNN) leases
