142 Old Tpke Rd Thompson, CT 06277
- Retail properties
- 3,195 SF
Current Use by Public Records
- Retail properties
Property Details for 142 Old Tpke Rd
- Year built
- 1960
- Property size
- 3,195 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thompson
- County
- Windham
- State
- Connecticut
- Longitude
- -71.8791
- Latitude
- 41.9997
