397 Ct-2 Preston, CT 06365
This exceptional 1200-square-foot retail space, ideal for quick-service restaurants (QSRs), presents a lucrative opportunity in a high-traffic location. Situated within a larger 5,000+ square-foot gas station and convenience store complex, this single-tenant space boasts excellent visibility and accessibility, benefiting from an approximate daily traffic count of 12,400 vehicles. Its proximity to Foxwoods Resort and Casino (just 2 miles away) ensures a steady stream of potential customers. The space offers the optional addition of a drive-thru, enhancing operational efficiency and customer convenience. The initial lease term is five years, commencing at a monthly rent of $3,900 for the first year, subject to a 3% annual increase. Utilities are the tenant's responsibility, simplified by individual meters and a dedicated air conditioning unit. Tenants are responsible for build-out costs and any necessary customizations. This space is part of a larger complex with three additional available spaces, offering potential for expansion. Smaller spaces are also available at reduced rental rates. Located in New London County, this property represents a compelling investment for food and beverage businesses seeking a high-visibility location with strong foot and vehicle traffic.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.