465 Providence Rd Brooklyn, CT 06234
Property Lookup
Property profile & analytics
465 Providence Rd Brooklyn, CT 06234
- Showrooms
- 6,791 SF
- 0.95 lot acres
Property ID
US15-0331423
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Advance Auto Parts / Auto Parts Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 465 Providence Rd
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.95 lot acres
- Property size
- 6,791 SF
- Zone code
- PC
- Property type
- Showrooms
- APN
- BROO M:41 L:112
- APU
- BROOM41L112
Description
This exceptional investment opportunity presents a 7,000 square foot Advance Auto Parts storefront located at 465 Providence Road in Brooklyn, Connecticut. The property boasts a strong 8.25% cap rate and a substantial net operating income (NOI) of $112,000. The tenant, Advance Auto Parts, is a publicly traded company (NYSE: AAP) with an investment-grade credit rating (BBB- from S&P and Baa2 from Moody's) and over $11.3 billion in annual sales (2023). This provides significant security for investors. The current lease, a triple-net (NNN) agreement, commenced on July 13, 2006, and has a remaining term of approximately 1.7 years, followed by two 5-year options with a 10% rent increase at each option period. The property sits on a 0.88-acre lot and was built in 2006. The high-traffic location on Providence Road, combined with strong local demographics (average household income exceeding $80,000 within a 5-mile radius), ensures consistent demand. This is a rare opportunity to acquire a well-established, recession-resistant retail property backed by a financially sound, national brand. The asking price is $1,357,576.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $911,000
- AI Estimate
- $848,000
Market price range: $374k - $912kMarket price range: $375k - $848k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $610,000 Current use
- RETAIL STORES
- $685,000 Change: +13% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $595,000 Change: -3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Windham
- State
- Connecticut
- Longitude
- -71.9102
- Latitude
- 41.7969
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,613
$203,400
$657,200
$860,600
-
$0.00
$0.00
$0.00
