Randy Quinn Your Local Real Estate Expert

32 Rubber Avenue, Naugatuck, CT 06770 (MLS # 170184506)

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PRICE $6,162,000
SIZE 20,560 sq ft
LOT SIZE 3.60 ac

Presenting for purchase a Naugatuck investment opportunity located at 32 Rubber Avenue. The 3.60 acre parcel includes two NNN leased, freestanding buildings: Rite Aid and Advance Auto Parts. Rite Aid has 9 years remaining on its initial term with options to extend and Advance Auto Parts has 4 years remaining on its initial term with options to extend. Both leases include percentage increases with each option. -Both NNN leases are corporate guaranteed and require minimal landlord responsibilities -Buyer has the option to expand the Advance Auto building by +/-3,200 SF, which may include a drive-thru concept -Rite Aid's 2016 sales of $8.9M are above the national average -The parcel spans two blocks and two separate intersections with vehicle counts of 25,500 (State Highway 63/ Cherry Street & Rubber Avenue) and 9,600 (Elm Street & Rubber Avenue) vehicles per day

DAYS ON MARKET Login to view Days on Market LAST UPDATED Login to view Last Updated
YEAR BUILT 1997 COMMUNITY N/A
COUNTY New Haven STATUS Active
PROPERTY TYPE(S) Commercial For Sale


ADDITIONAL DETAILS
ASSESSED VALUE 3073570
COMMERCIAL CATAGORY Retail
CONSTRUCTION DESCRIPTION Brick
COOLING SYSTEM Central Air
FOUNDATION TYPE Slab
HEAT FUEL TYPE Natural Gas
HEAT TYPE Hot Air
LOT DESCRIPTION N/A
PROPERTY TAX 145226
PROPERTY TYPE Commercial For Sale
ROAD FRONTAGE DESCRIPTION None
ROOF INFORMATION Rubber
SEWAGE SYSTEM Public Sewer Connected
SQ FT SOURCE Public Records
TAX YEAR July 2019-June 2020
TENANTS NUMBER OF 2
UTILITIES AVAILABLE Gas
WATER SOURCE Public Water Connected




 
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Listed with Calcagni Real Estate
Listing information is deemed reliable, but not guaranteed.
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