411 W Main St
Avon, CT 06001
Retail Property For Sale

EXECUTIVE SUMMARY

Boston Real Estate Advisors is pleased to present this exclusive opportunity to purchase a net-leased property leased as a Mobil Gas and Convenience Store located at 411 West Main Street in Avon, Connecticut (the “Property”). There are 7.7 years remaining on the initial 20-year lease term with 8, five year renewal options. The option periods include a 10% rent increase at the start of each option period.
The property is located at a highly visible .43 acre corner parcel at a signalized intersection of Route 44 and Route 167 in a dense retail area. Avon is an affluent suburb of Hartford with a population of 18,000.

*INITIAL 20-YEAR TERM: There are 7.7 years remaining on the initial 20-year lease term with 8, five-year renewal options that include a 10% rent increase at the start of each option period.
*LEASE GUARANTOR: Global Partners LP, a Fortune 500 Company with $17+ Billion in Revenue.
*SITE LOCATION: Premier location on a four way, signalized intersection in Avon's central retail corridor.
*AREA LOCATION: Affluent population with average household income over $160,000. Major retailers include CVS, Walgreens, Stop & Shop and Marshalls. Multiple open-air shopping destinations in the area such as Avon Marketplace, Simsbury Commons and The Shoppes at Farmington Valley.
*HIGH TRAFFIC COUNTS: Route 44 (West Main Street) has an average daily traffic count of over 35,000 vehicles and Route 167 (W Avon Road) has an average daily traffic count of over 14,000 vehicles.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
880 SF
Building Class
C
Year Built
1993
Price
$2,999,000
Price Per SF
$3,407.95
Cap Rate
5.85%
NOI
$175,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.43 AC
Frontage
98’ on Albany Tpke

AMENITIES

  • Signage
  • Signalized Intersection

PROPERTY TAXES

  • Listing ID: 35067958

  • Date on Market: 3/8/2025

  • Last Updated:

  • Address: 411 W Main St, Avon, CT 06001