882 North Colony Road Wallingford, CT 06492

Building Details

Year Built

1997

Listing office O, R&L Commercial j***@orlcommercial.com Show Phone

Listing date May 26, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This investment opportunity is located at 882 North Colony Road in Wallingford. The property features a 7,810 square foot single-story commercial building on a 1.14 acre lot. Constructed in 1997, the masonry building has visibility along Route 5 and 109 feet of frontage on North Colony Road. There are approximately 45 parking spaces. The property is fully occupied by Advance Auto Parts under a long-term ground lease through November 30, 2031, with an additional five-year renewal option already exercised beginning in December 2026. The estimated 2026 lease rate is $134,660 NNN, with rent escalations tied to CPI increases, and a 7.78% cap rate. The tenant is responsible for taxes, utilities, insurance, maintenance, and janitorial expenses. The property has convenient access to I-91 Exit 15 with traffic counts of approximately 22,900 ADT, and is located in a strong retail corridor.

Key Highlights

• Fully leased to Advance Auto Parts through November 30, 2031, with a five‑year renewal option exercised beginning December 2026
• Strong 7.78% cap rate with an estimated 2026 lease rate of $134,660 NNN
• Rent escalations tied to CPI increases

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Similar Off Market Nearby

• Tyler's Total Truck Services — 226 N Plains Industrial Rd #8, Wallingford, CT 06492
• Darrell's Auto Sales & Services Inc — 722 N Colony Rd, Wallingford, CT 06492
• A & R Auto Body Specialty — 151 N Plains Industrial Rd, Wallingford, CT 06492
• J J Concrete Floors Inc — 25 N Plains Hwy Suite D1, Wallingford, CT 06492
• Subaru Service — 711 N Colony Rd, Wallingford, CT 06492

FAQs

What type of property is this?

Auto shop - Fully leased commercial building with long-term tenant.

Where is this auto shop located?

The property is located at 882 North Colony Road Wallingford, CT.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Fully leased to Advance Auto Parts through November 30, 2031, with a five‑year renewal option exercised beginning December 2026; **Strong 7.78% cap rate** with an estimated 2026 lease rate of $134,660 NNN; Rent escalations tied to CPI increases