Property profile

142 Old Tpke Rd Thompson, CT 06277

OFF-MARKET
Retail properties & Spaces
3,195 SF Built 1960
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, 3,195 square foot bar and restaurant located at 142 Old Turnpike Rd, Thompson, Connecticut, 06277. The property, built in 1960 and extensively renovated in 2024, boasts a strong net operating income (NOI) of $37,200. The single-story, Class C building sits on a commercially zoned lot and includes a 2,324 square foot main building and a 600 square foot storage building. Currently operating under a triple-net (NNN) lease with 100% occupancy, the lease extends until November 2, 2024, ensuring immediate cash flow. The convenient location, situated at the crossroads of Massachusetts and Rhode Island, and minutes from Thompson Speedway, offers excellent visibility and accessibility via Route 395 (Exit 50). Ample parking is provided with 30 spaces. This turnkey operation presents a rare chance to acquire a well-established business in a desirable location, offering a compelling return on investment within a charming New England village setting. The property features 3,195 square feet of net rentable space.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 3,195 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

142 Old Tpke Rd Thompson, CT 06277
Thompson metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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