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Take 5 Oil Change 1683 Barnum Ave

1,730 SF Retail Building Stratford, CT 06614 $1,653,543 ($956/SF) 6.35% Cap Rate

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Investment Highlights

15-Year, true NNN, sale leaseback at close of escrow
10% rental increases every 5 years during primary term & option periods
Rare opportunity to purchase a nationally branded absolute NNN asset in Fairfield County , Connecticut, with $90K HH Incomes and over 100K residents i

New construction building with 3-service bays, has been open and operating since July 2023 with a proven track record
Excellent visibility & signage from the corner location of Barnum Avenue (Route 1) and W Broad Street with 21K VPD on the hard corner
High barrier of entry store location within approximately 1-mile of the 160,000 SF Stratford Square and the Walmart/Home Depot anchored Stratford Cros

Executive Summary

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.

Take5OilChange_StratfordCT

Property Facts

Sale Type

Investment NNN

Sale Condition

Lease Option

Property Type

Retail

Property Subtype

Service Station

Building Size

1,730 SF

Building Class

Year Built

2023

Price

$1,653,543

Price Per SF

$956

Cap Rate

6.35%

NOI

$105,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.38 AC

Parking

7 Spaces (4.05 Spaces per 1,000 SF Leased)

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Walk Score®

Very Walkable (82)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

Listing ID: 33272842
Date on Market: 9/23/2024
Last Updated:
Address: 1683 Barnum Ave, Stratford, CT 06614

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1683 Barnum Ave, Stratford, CT for sale Building Photo- Image 1 of 5 — 29758---1717-Barnum-Ave-Stratford-CT-18

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