2285 Reservoir Ave Trumbull, CT 06611-4752
This exceptional investment opportunity presents a 24,856 square foot, multi-tenant retail property located at 2285 Reservoir Ave, Trumbull, CT 06611, in Fairfield County. The property is currently 100% occupied, boasting a strong net operating income (NOI) of $526,732, and a compelling 7.75% cap rate. Priced at $6,800,000 ($273.58/sq ft), this net lease investment offers minimal landlord responsibilities. The property features a modified lease structure with a multi-tenant occupancy, anchored by The Learning Experience, a nationally recognized and rapidly expanding early childhood education program with over 350 locations. The lease with The Learning Experience extends until August 31, 2040, providing a substantial remaining lease term of 15.8 years. Significant improvements are planned for 2024, including a new roof installation in May, along with renovations to The Learning Experience and Abrakadoodle spaces, encompassing new plumbing and HVAC systems. Rockwell Dance Center windows will also be replaced. Situated on a 1.5-acre lot, this property benefits from its location in affluent Fairfield County, consistently ranked among the wealthiest counties in the United States and home to numerous Fortune 1000 companies. This prime location makes it exceptionally well-suited for an early childhood education provider, further enhancing the long-term value and stability of this investment.
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4.1 Industrial Zone I-L (Light Industry - 5 acres), Industrial Zone I-L2 (Light Industry - 2 acres), and Industrial Zone I-L3 (Light Industry - 3 acres) 4.1.1 Permitted Principal Uses: Within the Industrial Zone I-L (Light Industry - 5 acres), Industrial Zone I-L2 (Light Industry - 2 acres), and Industrial Zone I-L3 (Light Industry - 3 acres), no building or…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-L2 · Trumbull, CT4.1 Industrial Zone I-L (Light Industry - 5 acres), Industrial Zone I-L2 (Light Industry - 2 acres), and Industrial Zone I-L3 (Light Industry - 3 acres) 4.1.1 Permitted Principal Uses: Within the Industrial Zone I-L (Light Industry - 5 acres), Industrial Zone I-L2 (Light Industry - 2 acres), and Industrial Zone I-L3 (Light Industry - 3 acres), no building or Structure shall be erected, altered, occupied or used, arrange d or designed to be used for other than one or more of the following specified uses and only upon the issuance of Site Plan approval by the Commission in accordance with requirements for site plans in Article XV, Section 2.2 of these Regulations: 1. Business or professional office, including medical and dental office or clinics; 2. Manufacturing, fabrication, processing and packaging operations conducted entirely within an enclosed building; 3. Bank and financial service; 4. Full Service Restaurant, including outdoor dining; 5. Photographic or fine art studios or other similar establishments; 6. Printing and publishing or other similar establishments. 4.1.2 Permitted Accessory Uses The following uses are permitted upon the issuance of a Certificate of Zoning Compliance in accordance with Article V of these Regulations: a. Accessory Uses for Principal Uses which are in compliance with the plans and conditions of approval for a Use which has received a Special Permit or Site Plan approval in accordance with these Regulations. a. Take-out food service as an accessory to a Full Service Restaurant. b. Retail Pharmacy located within a building that contains medical offices at the time of filing of such certificate of zoning compliance. Such Retail Pharmacy 147 shall not exceed 2,000 square feet in size and shall not occupy more than ten percent (10%) of the building in which it is located. Access to such Retail Pharmacy shall only come from within said building. No drive-thru window shall be permitted in association with the Retail Pharmacy. 4.1.3 Special Exception Uses The following Uses are allowed only upon the issuance of a Special Exception in accordance with Article XV of these Regulations: None.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
