348 Boston Post Rd
Orange, CT 06477
TGI Fridays · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
- Corporate Guarantee
- Recently Remodeled | Significant Capital Improvements Made
- Attractive Rental Increases of 1.5% Annually
- Tenant Renewal Options: Eight (8) Periods of Five (5) Years, Each Bringing the Potential Lease Term to 55 Years
- Located Approximately Five Miles From New Haven | Second Largest City in Connecticut | First City Founded in America
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,675 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.77 AC
Zoning
C-2
Parking
33 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
518 FT on Boston Post Road
PROPERTY TAXES
| Parcel Number | ORAN-000022-000005-000001-000001B | Improvements Assessment | $1,446,500 |
| Land Assessment | $533,100 | Total Assessment | $1,979,600 |
