Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 All Star Wine & Liquor
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a thriving All Star Wine & Liquor storefront in Manchester, Connecticut. Located at 200 West Center St, this 1,536 square foot retail space boasts a strong net operating income (NOI) of $50,000, generating a monthly rent of $2,560 under a modified gross lease. The property features ample off-street parking for 20 vehicles, supplemented by free street parking. Its prime location in the West Side Village Plaza on Route 44, near the corner of McKee Street, provides excellent visibility and accessibility, with easy access to major highways within a mile. The current 5/5/5 lease offers a secure, long-term investment. The business itself shows impressive growth, with sales exceeding 2022 figures by $100,000 and a 26% gross profit margin. Additional income streams include ATM commissions of $5,200 annually. The current store manager enjoys strong community relations. This is a single-story building, part of a single-unit property, and is offered for sale by owner at $197,500. Owner financing is negotiable. Note that no additional liquor licenses are available in Manchester. This turnkey operation presents a rare opportunity for a savvy investor seeking a profitable and established business.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.5434
- Latitude
- 41.7707
