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Take 5 Oil Change

$1,653,543

1683 Barnum Avenue, Stratford, CT 06614

Active
Last Updated: 01/15/2025

6.35

Cap Rate

105,000

NOI

Details:
Cap Rate:    6.35%
NOI:    $105,000
Building Size:    1,730 sqft
Lot Area:    0.38 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2023
Tenancy:    Single
Parking Spots:    7
Gross Leaseable Area:    1,730
Highlights:
  • 15-Year, true NNN, sale leaseback at close of escrow
  • New construction building with 3-service bays, has been open and operating since July 2023 with a proven track record
  • 10% rental increases every 5 years during primary term & option periods
  • Excellent visibility & signage from the corner location of Barnum Avenue (Route 1) and W Broad Street with 21K VPD on the hard corner
  • Rare opportunity to purchase a nationally branded absolute NNN asset in Fairfield County , Connecticut, with $90K HH Incomes and over 100K residents in a 3-mile radius
  • Subject property is located within the Interstate 95 corridor in a dense retail & residential neighborhood
  • High barrier of entry store location within approximately 1-mile of the 160,000 SF Stratford Square and the Walmart/Home Depot anchored Stratford Crossing
Description:

This Take 5 Oil Change features a 15-year sale leaseback with 10% rental increases every 5 years during the primary term. Strong national tenant, with parent company system-wide sales of over $6.2 billion (FY, 2023). A proven location in a dense residential & retail area with over 100,000 residents in a 3-mile radius and traffic counts exceeding 21K VPD at the signalized corner intersection.

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Documents:
Title
Take5OilChange_StratfordCT.pdf
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Location
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