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    OFF-MARKET Estimated value $730,000
    Showrooms

    4 Portland Rd, Marlborough, CT 06447

    5,040 SF 2.04 ac lot Built 2021
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US15-0833251
    Property summary
    AI-generated overview

    This exceptional 1,200 square foot restaurant space in Marlborough, Connecticut, is ideally situated within a bustling 5,000+ square foot gas station and convenience store complex. Benefit from its prime location just off an interstate highway, boasting impressive visibility and accessibility with an average daily traffic count exceeding 40,000 vehicles. The convenient off-ramp sees approximately 3,200 cars daily, complemented by an additional 3,200 cars passing on the main road, ensuring high foot traffic and potential customer exposure. Perfect for quick-service restaurants (QSRs) like sandwich shops, pizzerias, or coffee/donut shops, this single-tenant space offers a 5-year initial lease term commencing at $3,900 per month, with a 3% annual rent increase. Individual utility meters and an existing AC unit simplify utility management, with tenant responsibility for utilities and build-out costs. Smaller spaces are also available at reduced rates. This location is one of four available spaces, presenting opportunities for business expansion. The property is located at 4 Portland Rd, Marlborough, CT 06447, in Hartford County.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 2021
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,040 SF
    Lot 2.04 ac (88,862 SF)
    Zoning code GC
    APN MARL M:0002 B:0013 L:21
    UPID US15-0833251
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $742k
    Blend (final) Blend
    $730k
    Owner & transaction history
    Jannat LLC · 6 yrs held
    Jannat LLC
    since 2019
    7 recorded transactions
    2021
    2019
    $160,000
    2004
    $135,000
    1999
    $96,700
    1992
    1992
    1989
    Zoning & alternative use
    GC · Marlborough, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $860,000 +80.9%
    Retail stores $580,000 +21.8%
    Office building $555,000 +16.6%
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