2929 Berlin Tpke | Newington, CT 06111
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- LoopNet Team
2929 Berlin Tpke
Newington, CT 06111
Bertucci's Italian Restaurant · Retail Property For Sale
Investment Highlights
- Corporate Lease with over (7) Years Remaining on Term
- Attractive Rental Increases of Two Percent (2%) Annual Escalations & Stable NOI Growth
- Real Estate Fundamentals - Bertucci’s sits on a large 3.56 Acre Parcel at the signalized intersection of the Berlin Turnpike & Griswoldville Avenue
- Absolute Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
- Proven Location as demonstrated by the Site’s Operating History since 1993
- Outparcel to Price Chopper Anchored Center – Featuring National, Credit Tenants including Dick’s Sporting Goods, GameStop, Chili’s, & others
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,122 SF
Building Class
B
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.56 AC
Zoning
PD
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | NEWI-000028-000001-A000000 | Improvements Assessment | $1,010,130 |
| Land Assessment | $789,600 | Total Assessment | $1,799,730 |
PROPERTY TAXES
Parcel Number
NEWI-000028-000001-A000000
Land Assessment
$789,600
Improvements Assessment
$1,010,130
Total Assessment
$1,799,730
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