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2929 Berlin Tpke
Newington, CT 06111
Bertucci's Brick Oven Pizzeria · Retail Property For Sale
Investment Highlights
- 7,122 SF Commercial Restaurant building for Sale
- Options & 2% annual increases
- Cap Rate: 6.9% / NOI: $221,605
- NNN Land Lease - Long term
- Single tenant - Bertucci's
- Major retail corridor for the area, surrounded by national retailers. ADT: 30,000
PROPERTY FACTS
Amenities
- Pylon Sign
- Signalized Intersection
About 2929 Berlin Tpke , Newington, CT 06111
O,R&L Commercial is pleased to present a 7,122± SF NNN Land Leased Commercial Restaurant property located on 3.56± acres located at 2929 Berlin Turnpike, Newington, CT. This property is located in the heart of all shopping and commuting in the Newington area on the Berlin Turnpike (Route 5), the major retail corridor for the area with an average daily traffic count of 30,000 vehicles per day. Bertucci’s built the building on this Land Leased property in 1993. The present term of the Lease is through March 2028 and there are two additional options to renew taking the Lease out to 2038. The Lease is structured with 2% annual increases. Sale Price: $3,200,000
PROPERTY TAXES
| Parcel Number | NEWI-000028-000001-A000000 | Improvements Assessment | $1,010,130 |
| Land Assessment | $789,600 | Total Assessment | $1,799,730 |
PROPERTY TAXES
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