www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28339602

288 Queen St, Southington, CT 06489 For Sale

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago
$1,460,870
241 days on market
Updated 179 days ago

Firestone Complete Auto Care

Details
APN SOUT-000145-000000-000030
Property Type Retail
Sub Type Auto Shop, Gas Station (+1)
Square Footage 5,978
Cap Rate 5.75%
NOI $84,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 50
Lease Expiration 10/31/2035
Remaining Term 9.3
Rent Bumps Yes
Lease Options 3 x 5 years
Price per SqFt $244
Year Built 1983
Buildings 1
Stories 1
Acreage 2.110
Investment Type Net Lease
Lease Commencement 11/01/1985
Ground Lease Yes

40+ Yr Occupancy & New 10-Yr Extension | A-Rated ABS NNN in Prime Power Retail Corridor

Marketing description

is pleased to offer for sale to qualified investors the opportunity to purchase a single-tenant Firestone Complete Auto Care property located at 288 Queen Street in Southington, Connecticut. The Property consists of a 5,978-square-foot automotive service facility situated on 2.11 acres, leased to Bridgestone Retail Operations, LLC under an absolute NNN ground lease with no landlord responsibilities. The tenant has operated at this location for 40+ years, demonstrating exceptional long-term performance, and recently exercised a ten-year lease extension. The lease now runs through October 31, 2035, providing ten years of remaining primary term with three additional fiveyear renewal options. The lease features 10 percent rental increases every five years through the primary term and first two renewal options, followed by a fair market value adjustment in the third option period, offering investors stable, inflation-protected income backed by one of the world’s leading automotive service and tire companies.

Investment highlights

40-Year Operating History with Recently Extended Long-Term Absolute NNN Ground Lease
Long-Term, Passive Income with Recently Exercised Extension.

Prime Retail Corridor Within the Hartford Metropolitan Area
Positioned along Queen Street, Southington’s Dominant Retail Corridor and Surrounded by National Anchors.

Supported by Major Employers and Year-Round Economic Drivers
Including Hartford HealthCare, Webster Bank, and ICU Medical, and Lake Compounce and Mount Southington Ski Area.

Robust Development and Economic Growth Strengthening the Market
Approved a 17K-SF Expansion for Uyemura USA, a Major Chemical Manufacturing Company.

Backed by Bridgestone, the World’s Largest Tire and Rubber Company
1,800 Firestone Complete Auto Care Locations Nationwide.

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591