1683 Barnum Ave Stratford, CT 06614-5302

Property Details for 1683 Barnum Ave

Year built

1910

Lot size

0.39 lot acres

Property size

1,386 SF

Zone code

RM-1

Property type

Commercial land

APN

STRA M:30-9 B:8 L:15

APU

STRAM309B8L15

Description

Exceptional investment opportunity: a 1,730 sq ft Take 5 Oil Change in Stratford, Connecticut. This sale-leaseback offers a 15-year lease with a strong national tenant, boasting over $6.2 billion in system-wide sales (FY 2023). The property, built in 2023 and featuring three service bays, enjoys a prime location on Barnum Avenue (Route 1) and W Broad Street, a signalized intersection with over 21,000 vehicles per day. The 0.38-acre lot provides ample parking (7 spaces). The lease is a true NNN, with a 6% cap rate and a $105,000 annual NOI. Rent increases by 10% every five years throughout the primary term and three, five-year option periods. Situated in affluent Fairfield County, this asset benefits from high household incomes ($90,000+) and a dense population (over 100,000 residents within a 3-mile radius). The property's proximity to major retail centers like Stratford Square (160,000 sq ft) and the Walmart/Home Depot-anchored Stratford Crossing further enhances its value. This is a rare chance to acquire a nationally branded, high-performing NNN asset in a desirable Connecticut market. Asking price: $1,750,000.

Location Insight

City

Stratford

County

Fairfield

State

Connecticut

Longitude

-73.1427

Latitude

41.1943

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments