288 Queen St
Southington, CT 06489
Commerce de détail Propriété À vendre

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a single-tenant Firestone Complete Auto Care property located at 288 Queen Street in Southington, Connecticut. The Property consists of a 5,978-square-foot automotive service facility situated on 2.11 acres, leased to Bridgestone Retail Operations, LLC under an absolute NNN ground lease with no landlord responsibilities. The tenant has operated at this location for 40+ years, demonstrating exceptional long-term performance, and recently exercised a ten-year lease extension. The lease now runs through October 31, 2035, providing ten years of remaining primary term with three additional five year renewal options. The lease features 10 percent rental increases every five years through the primary term and first two renewal options, followed by a fair market value adjustment in the third option period, offering investors stable, inflation-protected income backed by one of the world’s leading automotive service and tire companies.