454 Storrs Rd Mansfield Center, CT 06250-1218
- Showrooms
- 1,206 SF
- 0.30 lot acres
Current Use by Public Records
- Husky Spirit Shop / Liquor Store
Property Details for 454 Storrs Rd
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 0.30 lot acres
- Property size
- 1,206 SF
- Zone code
- NB2
- Property type
- Showrooms
- APN
- MANS M:29 B:111 L:3
- APU
- MANSM29B111L3
Description
Exceptional investment opportunity: a thriving liquor store in Mansfield, Connecticut, is available for purchase. This single-tenant, net-lease property boasts 1,206 square feet of retail space situated on a 0.3-acre lot with ample parking for 20 vehicles. Built in 2009 and renovated in 2016, the property features a professional interior design, including 11 glass-door refrigerators and a full basement. The current lease is a Net Lease agreement with a monthly rent of $2,500. The property's strong financial performance is reflected in its impressive NOI of $454,802 and a cap rate of 82.77%. The asking price for the real estate is $549,500. The store enjoys a strategic location just 2.5 miles from the University of Connecticut, benefiting from high foot traffic and a loyal customer base. Its product mix includes wine (35%), liquor (30%), beer (35%), and lottery tickets (generating approximately $500 in sales). The property is zoned NB2 and offers a significant return on investment for qualified buyers. Owner financing may be available for experienced and financially qualified purchasers. Note that the business and real estate must be sold together.
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
- Mansfield Center
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.1951
- Latitude
- 41.7592
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
