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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

397 Ct-2 Preston, CT 06365

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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