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29732849
29732850

1303-1313 Gold Star Hwy, Groton, CT 06340

MS
CT REB.0790415
EAC Properties LLC
Listed by EAC Properties LLC
Unpriced
111 days on market
Updated 63 days ago

1303-1313 Gold Star Highway

Details
Property Type Retail
Sub Type Shopping Center, Strip Center
Cap Rate 6.60%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Class B
Year Built 1978
Buildings 1
Stories 1
Acreage 1.530
Parking Spaces 41 spaces
Investment Type Stabilized

Package sale: Zero vacancy, fully stabilized Strip Center + $1.25M Grossing Liqour Store

Marketing description

EAC Properties LLC as exclusive broker presenting the opportunity to purchase a fully occupied neighborhood shopping center roughly 11,355 SF in size sitting on 1.53 acre plus the long-established Oak Tree Liquor Store business, preferred package deal, can be separated.

Anchored by the recently renovated Chelsea Groton Bank and supported by Domino's, a tattoo parlor, hair salon, and the liquor store itself, this center offers stable cash flow, zero vacancy, and inflation-protected lease structures.

The liquor store generates $1.2M + average gross sales, includes $235K of inventory. This combined real estate + business acquisition provides a rare chance to own a durable income stream in a high-traffic Groton corridor with taxes of only $22-24K/year and CAM fully reimbursed by tenants (except capital improvements).

Inquire for detailed income/expense and pricing post NDA.

Investment highlights

  • Sale includes both the **13,000 SF shopping center with drive thru** and the **Oak Tree Liquor Store business**, offering dual revenue streams
  • 11,355 SF Strip Center built in 1978 with 2 ext loading docks
  • On 1.53 acres with 41 free surface spaces (Ratio of 8.25/1000SF
  • 300' frontage on Gold Star Highway with 11K-15K daily traffic counts
  • Fully Leased, Zero Vacancy:** All units occupied; minimal downtime risk.
  • Bank-Anchored Stability:** Chelsea Groton Bank invested **$2M in renovations** and is entering a new 5-year lease term with CPI-tied annual increases (max 3%).
  • High-Performing Liquor Store:** **$1.2M+** average annual gross sales
  • Tenant Mix Diversity:** Domino's Pizza, bank, tattoo parlor, salon, and liquor store provide income stability and daily traffic.
  • NNN-Like Structure:** Tenants reimburse **all CAM expenses except capital improvements**, minimizing landlord exposure.

Listing Contacts

MS
CT REB.0790415
EAC Properties LLC
Listed by EAC Properties LLC

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Additional Information

Name
Myles Scherr
License
REB.0790415
Brokerage
EAC Properties, LLc
Title
Senior Broker / Advisor
Brokerage Address
572 White Plains Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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