753 Hartford Pike Killingly, CT 06241-1715
- Retail space
- 7,225 SF
- 1.70 lot acres
Current Use by Public Records
- O'Reilly Auto Parts / Auto Body Parts Supplier / Car Battery Store
Property Details for 753 Hartford Pike
- Year built
- 2017
- Construction
- STEEL FRAME
- Lot size
- 1.70 lot acres
- Property size
- 7,225 SF
- Zone code
- GC
- Property type
- Retail space
- APN
- KILL M:130 B:49
- APU
- KILLM130B49
Description
This exceptional investment opportunity presents a 7,225 square foot O'Reilly Auto Parts retail building located at 753 Hartford Pike, Killingly, CT 06241. Built in 2017, this single-tenant property boasts a strong 13-year remaining lease term (expiring 10/31/2037) with a corporate guarantee. The property enjoys excellent visibility and access on a major thoroughfare, less than a mile from other major retailers including Target, Lowe's, and more. The building benefits from a Net Net lease structure, providing a stable income stream with a current NOI of $125,665 and a 5.84% cap rate. The asking price is $2,150,000 ($297.58/sq ft). Situated in a strong demographic area with over 23,000 people within a 5-mile radius and average household incomes exceeding $80,000, this property offers a compelling combination of stability, location, and growth potential. The lease includes rent increases every five years, starting in four years. This is a turnkey investment with minimal deferred maintenance, providing a secure and profitable addition to any portfolio. The property is 100% occupied.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $630,000
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Location Insight
- Map
- Local Demand
- City
- Killingly
- County
- Windham
- State
- Connecticut
- Longitude
- -71.8734
- Latitude
- 41.839
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
