Listed by SURMOUNT
$1,586,207
Tennett Tree Services
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 5,788
Cap Rate 7.25%
NOI $1,586,207
Tenancy Single
Lease Type NNN
Year Built 1987
Acreage 1.500
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Tennett Tree Services located at 148 Back Rd, Windham, CT 06256. The site consists of roughly 5,788 rentable square feet of building space on an estimated 1.5-acre parcel of land. Tennett Tree Services is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $115,000 and has scheduled increases of 2.00% Annually.
Investment highlights
- Essential Service Tenant | Property is occupied by Tennett Tree Services, a contractor providing essential tree removal, trimming, and storm cleanup services.
- Industrial Service Facility – Mission Critical Location | Configured for a service-based business with yard space, equipment storage, and operational functionality. This site is the headquarters of the operation, spearheading the business for decades.
- Strategic Eastern Connecticut Location | Located in Windham with convenient access to regional routes serving surrounding communities throughout eastern Connecticut.
- Established Local Business Presence | Tenant serves residential, municipal, and commercial clients across the region with ongoing demand for arbor and land services.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$1,586,207.00
$132,183.92/mo
Valuation Metrics
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DSCR
100%
Cap Rate
100%
ROI
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