480 Boston Post Rd Orange, CT 06477-3510
- Showrooms
- 2,521 SF
- 0.92 lot acres
Sep 03, 2021
Current Use by Public Records
- KFC / Chicken Restaurant / Fast Food Restaurant
Property Details for 480 Boston Post Rd
- Year built
- 1974
- Construction
- CONCRETE
- Lot size
- 0.92 lot acres
- Property size
- 2,521 SF
- Zone code
- C-2
- Property type
- Showrooms
- APN
- ORAN M:13 B:7 L:4
- APU
- ORANM13B7L4
Description
This exceptional investment opportunity presents a fee-simple, Class A, 2,381 square foot KFC restaurant located at 480 Boston Post Rd, Orange, CT 06477. The property boasts a strong 5.39% cap rate and a substantial net operating income (NOI) of $87,641. Secured by a long-term, absolute NNN lease with KFC, the lease has 9.8 years remaining, with five 3-year renewal options, each including a 6% rent increase. The property sits on a 0.92-acre lot with 24 parking spaces and benefits from a high-traffic location, with 21,000 cars passing daily. The area's dense population (51,000 within a 3-mile radius) and proximity to other major retailers like Dunkin' Donuts, IHOP, Costco, Home Depot, Whole Foods, and Taco Bell, ensures consistent customer traffic. The asking price is $1,625,000, translating to a price per square foot of $682.49. This is a stabilized investment with 100% occupancy, offering a secure and lucrative return for the discerning investor. The lease expires August 31, 2034.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,535,000
- ML approach
- $1,455,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0136
- Latitude
- 41.2563
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
