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Mobil Gas & Convenience - 25 Year NNN GL 101 Stonebridge Court

5,292 SF Retail Building Cheshire, CT 06410 $2,181,818 ($412/SF) 5.50% Cap Rate

Investment Highlights

  • 25-Year Absolute NNN Ground Lease - Mobil Gas & Convenience – Brand New 2024 Construction – Interstate Location
  • True Coupon Clipper Investment – Long-Term Lease – Benefits from Nearby Busy I-84/I-691 Interchange – Mobil – Subsidiary of ExxonMobil (NYSE: MOB)
  • Incredible Demographics – 585,602 Population within 15-Min Drive – 2.5 Acre Site – Pride of Ownership – Delivered Free & Clear of Debt
  • Trophy Location – Interstate 691 (74,600 Cars Per Day) and Highland Ave (19,300 Cars Per Day) – High Income Area (HHI of $117K)
  • Main Traffic Corridor Interstate On-Ramp – Personal Guarantor on Lease – Stable, Strong Cash Flow from a National Brand
  • Main Traffic Corridor Interstate On-Ramp – Personal Guarantor on Lease – Stable, Strong Cash Flow from a National Brand – Long-Term Rental Growth

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,292 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$2,181,818
Price Per SF
$412
Cap Rate
5.50%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.50 AC
Zoning
R-20

Nearby Major Retailers

TD Bank
KeyBank
Liberty Bank
Chase
Stop & Shop Pharmacy
Bank of America
Webster Bank
  • Listing ID: 33449398

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 101 Stonebridge Court, Cheshire, CT 06410

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