Listed by SERHANT Connecticut
$3,900,000
Portfolio Sale for sale 850 East Main Street
Details
Property Type Retail
Sub Type Grocery Store, Restaurant
Square Footage 10,042
Net Rentable (SqFt) 10,042
Units 4
Cap Rate 5.59%
NOI $217,918
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10.9
Lease Expiration 09/27/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options 2 5 year options
Price per SqFt $388
Year Built 2007
Buildings 1
Stories 1
Zoning R-H
Tenant Credit No Credit Rating
Lease Commencement 11/01/2022
Occupancy Date 07/01/2021
Attractive Owner Financing !! Retail | 5.59% CAP | 10,042 SF
Marketing description
Attractive Owner Financing Terms !!!! Four prime location ground level retail condos for sale in high end mid-rise apartment building, downtown Stamford. Condosare fully leased; 2 units per tenant, long standing tenants, market rents, NNN leases and annual increases. Restaurant tenanthas 9 years remaining, grocer tenant has 10 years remaining; both with renewal options. The entire project for sale comprisesalmost 10,000 square feet of usable space. Very attractive owner financing available at strong cap rate pricing.
Listing Contacts
Listed by SERHANT Connecticut
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,918.00
$18,159.83/mo
Valuation Metrics
0
DSCR
5.59%
Cap Rate
5.59%
ROI
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