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Income Producing NNN Lease 142 Old Turnpike Rd 2,324 SF Retail Building Quinebaug, CT 06262 $1,046,940 CAD ($450.49 CAD/SF) 4.62% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% occupied NNN lease
  • Newly renovated in 2024
  • Borders MA and RI

EXECUTIVE SUMMARY

Own a local landmark, a freestanding 2,324 SF restaurant/bar and 600 SF storage building in Thompson, CT, zoned for commercial use. Newly renovated in 2024, this fully occupied property is under a NNN lease, making it an excellent investment opportunity. Situated at the crossroads of MA and RI, and just minutes from Thompson Speedway, the location offers easy access from Exit 50 off Route 395. The property features 30 parking spaces and is nestled in a charming New England village atmosphere, adding to its appeal for both local patrons and visitors. Don't miss out on this prime commercial opportunity!..........

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,324 SF
Building Class
C
Year Built/Renovated
1960/2024
Price
$1,046,940 CAD
Price Per SF
$450.49 CAD
Cap Rate
4.62%
NOI
$48,369 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.60 AC
Zoning
Comm - Restaurant/Club
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
140’ on Quinebaug Rd

AMENITIES

  • Restaurant
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
THOM-000003-000078-000002
Land Assessment
$61,642 CAD
Improvements Assessment
$161,530 CAD
Total Assessment
$223,171 CAD
  • Listing ID: 33479480

  • Date on Market: 2024-10-10

  • Last Updated:

  • Address: 142 Old Turnpike Rd, Quinebaug, CT 06262

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