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Take 5 Oil Change 1083 Orange Ave 1,408 SF Retail Building West Haven, CT 06516 $1,794,754 CAD ($1,274.68 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-year sale leaseback at close of escrow with 10% rental increases every 5 years during the primary term
- Rare opportunity to purchase a nationally branded absolute NNN asset in the Northeast, situated halfway between New York City and Hartford, CT
- Strong traffic counts of approximately 21,000 VPD on Boston Post Road
- Building renovated in December 2022, including new signage
- Excellent visibility & signage from the corner location of Boston Post Road & Jaffrey Street
- Subject property is located within 1-mile of the newly developed 200,000 SF Amazon distribution facility with over 100 employees and 15 loading docks
EXECUTIVE SUMMARY
This Take 5 Oil Change, located halfway between New York City and Hartford, CT, features a 15-year sale leaseback with 10% rental increases every 5 years during the primary term. Strong national tenant, with parent company system-wide sales of over $6.2 billion (FY, 2023). Subject property is located in a dense retail node on Boston Post Road.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,408 SF
Building Class
C
Year Built/Renovated
1985/2022
Price
$1,794,754 CAD
Price Per SF
$1,274.68 CAD
Cap Rate
7%
NOI
$125,633 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.36 AC
Opportunity Zone
Yes
Parking
9 Spaces (6.39 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
1 of 6
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Take 5 Oil Change | 1083 Orange Ave
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