Branford, CT - United Site Services

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, United Site Services investment property located in Branford, Connecticut. The tenant currently has 1 year left on their initial term with 1 (5-year) options to extend, demonstrating their commitment to the site. The lease is NN+ with landlord responsibilities limited to roof, structure, and lot making it an ideal, low-management investment opportunity for a passive investor. The subject property recently installed at a new roof in 2023 with a 20-year transferrble warranty. United Site Services is the largest provider
of portable sanitation services and complementary site solutions in the United States, providing the largest equipment fleet and deploying a standardized servicing methodology that ensures consistent quality and safety of on-site equipment use.

The subject property is located just off of State Hwy 146 which averages 9,100 VPD. The site benefits from nearby direct on/off ramp access to Interstate 95, a major thoroughfare that averages 75,100 vehicles passing by daily. The asset is in close proximity to multiple national/credit tenants including Exxon, Dunkin’, Walgreens, Holiday Inn Express, Motel 6, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is in close proximity to Francis Walsh Intermediate School (767 students), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 75,000 and 28,000 employees, providing a direct consumer base from which to draw. Residents within a 1-mile radius of the subject property boast an affluent average household income of $136,107.