32 Rubber Avenue

    Naugatuck, CT 06770
    • $6,162,000
    • STATUS: Active Under Contract
    • ON SITE: 97 days
    • MLS #: 170184506
    Under Contract
    UPDATED: 60 min ago
    $6,162,000
    • 0
      BEDS
    • 3.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,560
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1997
    County:
    Area:

    School Ratings & Info

    Description

    Presenting for purchase a Naugatuck investment opportunity located at 32 Rubber Avenue. The 3.60 acre parcel includes two NNN leased, freestanding buildings: Rite Aid and Advance Auto Parts. Rite Aid has 9 years remaining on its initial term with options to extend and Advance Auto Parts has 4 years remaining on its initial term with options to extend. Both leases include percentage increases with each option.-Both NNN leases are corporate guaranteed and require minimal landlord responsibilities-Buyer has the option to expand the Advance Auto building by +/-3,200 SF, which may include a drive-thru concept -Rite Aid's 2016 sales of $8.9M are above the national average-The parcel spans two blocks and two separate intersections with vehicle counts of 25,500 (State Highway 63/ Cherry Street & Rubber Avenue) and 9,600 (Elm Street & Rubber Avenue) vehicles per day

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    © 2019 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Higgins Group - The CT Home Finder. Data last updated: 2019-07-23T08:56:41.757.
    www.thecthomefinder.com/homes/93754617

    32 Rubber Avenue Naugatuck, CT 06770

    • Price: $6,162,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • MLS #: 170184506
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.6
    Acres
    20,560
    SQFT
    $300
    $/SQFT
    1997
    Built
    Neighborhood:
    N/A
    County:
    New Haven
    Area:
    Naugatuck
    Property Description
    Presenting for purchase a Naugatuck investment opportunity located at 32 Rubber Avenue. The 3.60 acre parcel includes two NNN leased, freestanding buildings: Rite Aid and Advance Auto Parts. Rite Aid has 9 years remaining on its initial term with options to extend and Advance Auto Parts has 4 years remaining on its initial term with options to extend. Both leases include percentage increases with each option.-Both NNN leases are corporate guaranteed and require minimal landlord responsibilities-Buyer has the option to expand the Advance Auto building by +/-3,200 SF, which may include a drive-thru concept -Rite Aid's 2016 sales of $8.9M are above the national average-The parcel spans two blocks and two separate intersections with vehicle counts of 25,500 (State Highway 63/ Cherry Street & Rubber Avenue) and 9,600 (Elm Street & Rubber Avenue) vehicles per day
    Exterior Features

    Construction Description Brick Foundation Type Slab Lot Description N/A Parking Total Spaces 0 Road Frontage Description None Roof Information Rubber

    Interior Features

    Cooling System Central Air Heat Type Hot Air

    Property Features

    Bank Owned Property Yn No Commercial Category Retail Documents Available BrochurePhoto/SurveyPlot Plan/Survey Garage Parking Info Parking Lot Heat Fuel Type Natural Gas Location Highway AccessDowntown Possession Availability Immediate Property Tax 85846 Sewage System Public Sewer Connected Sign Yn No Tenants Number Of 2 Utilities Available Gas Water Source Public Water Connected Zoning Commercial

    Listing information © 2019 Smart MLS
    Listing provided courtesy of Ralph Lewis of Calcagni Real Estate.


    © 2019 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Higgins Group - The CT Home Finder. Data last updated: 2019-07-23T08:56:41.757.
     
    The Higgins Group - The CT Home Finder
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    Fairfield CT, 06880