Stop & Shop Supermarkets | 44 Lake Avenue Ext
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Stop & Shop Supermarkets 44 Lake Avenue Ext
63,404 SF 100% Leased Retail Building Danbury, CT 06811 £14,765,205 (£233/SF) 6.39% Net Initial Yield
Investment Highlights
- Stop & Shop – Legacy Location - 1989 Corporate Lease
- Strong Stores Sales
- Recent Mill & Overlay of the Entire Parking Lot - Landlord Responsible for Building Structure Only
- Recent Significant Capital Investment made by Tenant - Consolidation Location
- Free Standing Location - Prominently Displayed Location along Lake Ave & Hwy 84
Executive Summary
Colliers National Net Lease Group is pleased to present an opportunity to purchase a single tenant net leased Stop & Shop with 5 years remaining on its current lease term and successful operation at this location since 1989. This location has recently undergone a major interior upgrade by the tenant, following the consolidation of a nearby store to this location. This STNL ‘necessity’ based free standing location sits prominently along Lake Ave Ext with easy access along Hwy 84 which runs from Massachusetts through to
Pennsylvania. Stop & Shop Danbury is poised to provide true passive income for years to come.
Pennsylvania. Stop & Shop Danbury is poised to provide true passive income for years to come.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
63,404 SF
Building Class
B
Year Built
1989
Price
£14,765,205
Price Per SF
£233
Net Initial Yield
6.39%
NOI
£943,939
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
5.41 AC
Nearby Major Retailers
1 of 6
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Stop & Shop Supermarkets | 44 Lake Avenue Ext
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