Walgreens & Pizzeria | 9% Cap | $1,510,000 | 20-22 Prospect St
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Walgreens & Pizzeria | 9% Cap | $1,510,000 20-22 Prospect St
11,375 SF 100% Leased Retail Building Moosup, CT 06354 $1,510,000 ($132.75/SF) 9.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Tenants, Both Recently Renewed their Lease with Rental Increases
EXECUTIVE SUMMARY
Silber Investment Properties is excited to Exclusively bring this property to the market.
Walgreens is NNN and reimburses 75% of all expenses.
Walgreens just signed a 10 year extension without a rent reduction.
Located just off Interstate-395.
Pizzeria is willing to sign a 5 year renewal with a rental increase showing their commitment to the location, unless Purchaser does not want them to renew.
Walgreens is NNN and reimburses 75% of all expenses.
Walgreens just signed a 10 year extension without a rent reduction.
Located just off Interstate-395.
Pizzeria is willing to sign a 5 year renewal with a rental increase showing their commitment to the location, unless Purchaser does not want them to renew.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,375 SF
Building Class
C
Year Built
1978
Price
$1,510,000
Price Per SF
$132.75
Cap Rate
9.03%
NOI
$136,380
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.82 AC
Zoning
C2 - a commercial overlay district that allows for a wider range of uses than C1 zoning districts.
Parking
45 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
11,375’ on Prospect St
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | PLAI-000002M-000098-000022 | Improvements Assessment | $742,050 |
| Land Assessment | $265,360 | Total Assessment | $1,007,410 |
PROPERTY TAXES
Parcel Number
PLAI-000002M-000098-000022
Land Assessment
$265,360
Improvements Assessment
$742,050
Total Assessment
$1,007,410
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Walgreens & Pizzeria | 9% Cap | $1,510,000 | 20-22 Prospect St
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