Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Hidden
- Year built
- 2024
- Lot size
- 0.60 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional opportunity presents a newly constructed, 2,800 square foot Shell-branded gas station and convenience store in New London, Connecticut. Located on a 0.6-acre lot in New London County (zip code 06320), this single-tenant property boasts four pumps with eight fueling dispensers, including diesel. The spacious convenience store is ready for immediate occupancy, featuring modern fixtures, counters, a walk-in cooler, and coffee equipment. A food-service build-out is also a possibility. The property benefits from a high daily traffic count of approximately 8,200 vehicles, and its convenient location near major highways, shopping centers, and restaurants ensures high visibility and customer traffic. The five-year lease includes a renewal option, with a monthly rent of $15,000. Landlord responsibilities include property taxes, 70% of credit card fees, and maintenance of underground storage tanks, pumps, and the exterior property. Tenant responsibilities include utilities, 30% of credit card fees, a $350 monthly terminal fee, and interior building maintenance. A $35,000 security deposit (fuel and building) and $300,000 key money are required for the initial lease term. Additional key money will be required upon lease renewal. Note that alcohol sales are not permitted. Two similar, newly constructed locations within a 10-mile radius are also available for lease. The property is expected to be fully operational by October 2024. This is an ideal opportunity for a single operator or a multi-store venture.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New London
- County
- New London
- State
- Connecticut
- Longitude
- -72.1061
- Latitude
- 41.3631
