1030 Blue Hills Ave Bloomfield, CT 06002
- Retail properties
- 7,150 SF
Current Use by Public Records
- O'Reilly Auto Parts / Trailer Supply Store / Truck Accessories Store
Property Details for 1030 Blue Hills Ave
- Year built
- 2017
- Property size
- 7,150 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 7,150 square foot O'Reilly Auto Parts retail building located at 1030 Blue Hills Ave, Bloomfield, CT 06002. Built in 2017, this property boasts a 12.9-year remaining lease term (expiring 09/30/2037) with a corporate guarantee. The asking price is $2,250,000, representing a compelling $314.69 per square foot and a 5.85% cap rate. The property generates a Net Operating Income (NOI) of $131,655 annually, with 100% occupancy. Situated in a high-traffic area with over 28,000 vehicles passing daily, the property benefits from excellent visibility and access along Blue Hills Ave. The location is less than a mile from major retailers like Lowe's, Home Depot, and Stop & Shop, serving a densely populated area with average household incomes nearing $90,000 within a 5-mile radius. The lease includes rent increases every five years, starting in four years. This is a turn-key investment with minimal deferred maintenance, offering a secure and profitable return for the new owner. The tenant, O'Reilly Auto Parts, has two points of ingress/egress. This property is a rare opportunity to acquire a well-performing asset in a prime retail location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6956
- Latitude
- 41.821
