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111 Rubber Ave
Naugatuck, CT 06770
Popeyes | Sale Leaseback · Retail Property For Sale
Investment Highlights
- Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income.
- NNN Ground Lease, the tenant is responsible for all operating expenses including taxes, insurance, CAM, and maintenance.
- Located just 0.5 miles from Route 8 (41,000 VPD) and benefiting from approximately 17,000 VPD along Rubber Avenue.
- The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator.
- The lease features 10% rental increases every five (5) years throughout the base term and option periods.
Executive Summary
NNN Sale Leaseback.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,777 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$2,602,714 CAD
Price Per SF
$1,464.67 CAD
Cap Rate
6.27%
NOI
$163,261 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.47 AC
Zoning
RADD - Residential Attached Dwelling District
Frontage
103’ on Rubber Avenue
Property Taxes
| Parcel Number | NAUG-000007-W002241 | Improvements Assessment | $560,272 CAD |
| Land Assessment | $209,995 CAD | Total Assessment | $770,266 CAD |
Property Taxes
Parcel Number
NAUG-000007-W002241
Land Assessment
$209,995 CAD
Improvements Assessment
$560,272 CAD
Total Assessment
$770,266 CAD
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