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    411 Main St Avon, CT 06001

    Sponsored
    For Sale
    $2,999,000

    High-Traffic Retail NNN Lease

    Property size:
    880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a net-leased Mobil gas station and convenience store in Avon, CT. The property boasts a prime location at a signalized four-way intersection on Route 44 and Route 167, benefiting from high daily traffic counts exceeding 35,000 and 14,000 vehicles respectively. The 880 square foot building sits on a 0.43-acre lot within Avon's central retail corridor, surrounded by major retailers such as CVS, Walgreens, Stop & Shop, and Marshalls, and near shopping destinations like Avon Marketplace and Simsbury Commons. The property features a strong 5.85% cap rate and a substantial net operating income (NOI) of $175,450. The current lease, with Mobil (leased to Global Partners LP, a Fortune 500 company with over $17 billion in revenue), has 7.9 years remaining on the initial 20-year term, followed by eight five-year renewal options, each with a 10% rent increase. Avon's affluent demographics, with average household incomes exceeding $160,000, further enhance the investment's appeal. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Connecticut market. The asking price is $2,999,000, representing a price per square foot of $3,407.95. The lease commenced October 1, 2021, and expires October 1, 2032. This NNN lease structure minimizes landlord responsibilities, offering a passive income stream with significant long-term potential.

    Property Features for 411 Main St

    General Information

    Property type
    Automotive properties
    Square Feet
    880 SF
    Lot Size
    18,731 SF

    HighLights

    • 9.5 years remaining on a 20‑year lease with eight 5‑year renewal options, each with a 10% rent increase.
    • Leased to Global Partners LP, a Fortune 500 company with over $17 billion in revenue.
    • High‑visibility corner lot at a signalized four‑way intersection in Avon's central retail corridor.
    • Strong demographics: Average household income over $160,000; nearby retailers include CVS, Walgreens, Stop & Shop, and Marshalls; proximity to major shopping centers.
    • High traffic counts: Over 35,000 vehicles daily on Route 44 and over 14,000 vehicles daily on Route 167.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobil Gas Station Bitstop Bitcoin ATM Crypto Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8669404
    Latitude
    41.8164108

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    FAQs

    What type of property is this?
    Automotive property - High-Traffic Retail NNN Lease
    Where is this automotive property located?
    The property is located at 411 Main St Avon, CT.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: 9.5 years remaining on a 20-year lease with eight 5-year renewal options, each with a 10% rent increase.; Leased to Global Partners LP, a Fortune 500 company with over $17 billion in revenue.; High-visibility corner lot at a signalized four-way intersection in Avon's central retail corridor.
    Request Owner's contact information
    411 Main St Avon, CT 06001
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    Avon, CT 06001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    411 Main St Avon, CT 06001
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