Wallingford Investment
For Sale
Contact for pricing
882 North Colony Road, Wallingford, CT 06492
Fully leased commercial building with long-term tenant.
Property Size7,810 SF
Lot Size1.14 Acres
Price / SF$236.88
Days on Market96
Property Features for 882 North Colony Road
General Information
Standard status
Active
Size
7,810 SF
Total Parking Spaces
45
Lot size
1.14 Acres
Property subtype
Retail
Zoning
RF-40
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$134,660
Building Details
Year Built
1997
Stories
1
Tenancy
Single
Listing Agency:
O, R&L Commercial
(860) 721-0033
Listed By:
Jay Morris · License #REB.0755257
Source:
Crexi
Added: May 26
Changed: Aug 28
Last Checked: Aug 25 at 10:40PM
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 O, R&L Commercial
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
463k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Shops & Services 23%
Groceries 21%
Dining 20%
Walmart
Superstores
142,834 visits/mo
0.3 miles
Stop & Shop
Groceries
56,947 visits/mo
0.3 miles
ShopRite
Groceries
42,607 visits/mo
0.2 miles
Cumberland Farms
Shops & Services
28,655 visits/mo
0.1 miles
Dunkin' Donuts
Dining
20,857 visits/mo
0.2 miles
Demographics for 06492, CT
44,606
Population
19,603
Households
2.3
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
1,121
Density / Sq Mi
$101,757
Median Household Income
$57,977
Median Earnings
$1,346
Median Rent
$328,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Tyler's Total Truck Services — 226 N Plains Industrial Rd #8, 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
- A & R Auto Body Specialty — 151 N Plains Industrial Rd, Wallingford, CT 06492
- Darrell's Auto Sales & Services Inc — 722 N Colony Rd, Wallingford, CT 06492
Frequently Asked Questions
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
