411 Main St Avon, CT 06001

Property Details for 411 Main St

Year built

1993

Construction

STEEL FRAME

Lot size

0.43 lot acres

Zone code

CR

Property type

Showrooms

APN

AVON M:6 L:4540411

APU

AVONM6L4540411

Description

This exceptional investment opportunity presents a net-leased Mobil gas station and convenience store in Avon, CT. The property boasts a prime location at a signalized four-way intersection on Route 44 and Route 167, benefiting from high daily traffic counts exceeding 35,000 and 14,000 vehicles respectively. The 880 square foot building sits on a 0.43-acre lot within Avon's central retail corridor, surrounded by major retailers such as CVS, Walgreens, Stop & Shop, and Marshalls, and near shopping destinations like Avon Marketplace and Simsbury Commons. The property features a strong 5.85% cap rate and a substantial net operating income (NOI) of $175,450. The current lease, with Mobil (leased to Global Partners LP, a Fortune 500 company with over $17 billion in revenue), has 7.9 years remaining on the initial 20-year term, followed by eight five-year renewal options, each with a 10% rent increase. Avon's affluent demographics, with average household incomes exceeding $160,000, further enhance the investment's appeal. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Connecticut market. The asking price is $2,999,000, representing a price per square foot of $3,407.95. The lease commenced October 1, 2021, and expires October 1, 2032. This NNN lease structure minimizes landlord responsibilities, offering a passive income stream with significant long-term potential.

Location Insight

City

Avon

County

Hartford

State

Connecticut

Longitude

-72.8668

Latitude

41.8164

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments