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1882 Main St 7,784 SF Retail Building Bridgeport, CT 06604 $1,600,876 CAD ($205.66 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Building converted in 2012 to Advance Auto Parts, delivering modernized facilities tailored for automotive aftermarket retail with min. capital needs.
- Advance Auto Parts recently extended the lease early, underscoring their commitment to the location and confidence in the Bridgeport market.
- ±282,736 residents within a 5-mile radius, creating a robust customer base for automotive parts and services.
- Strong lease term with two additional 5-year extension options, ensuring long-term income visibility and stability.
- Situated just off Hwy 8 with over 91,500 vehicles daily, providing exceptional visibility and drive-by traffic for essential retail.
- Average household income of $123,839 annually, supporting consistent spending on vehicle maintenance and aftermarket parts.
Executive Summary
Broker of Record
Kyle Matthews
License # REB.0790986
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # REB.0790986
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,784 SF
Building Class
C
Year Built
1972
Price
$1,600,876 CAD
Price Per SF
$205.66 CAD
Cap Rate
7.75%
NOI
$124,068 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.38 AC
Zoning
MUP
Parking
18 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
145’ on Main St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | BRID-001506-000001 | Improvements Assessment | $752,822 CAD |
| Land Assessment | $202,488 CAD | Total Assessment | $955,310 CAD |
Property Taxes
Parcel Number
BRID-001506-000001
Land Assessment
$202,488 CAD
Improvements Assessment
$752,822 CAD
Total Assessment
$955,310 CAD
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1882 Main St
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