Retail Business for Sale in Naugatuck, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Naugatuck, CT 06770

Description

The site is positioned within one mile of a newly opened Chipotle, reinforcing national retailer confidence in the corridor. Additionally, the site is within three miles of a proposed 93,000 SF industrial development within the Naugatuck Industrial Park already holding 49 different companies. Investment Highlights: • Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income. • The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator with a significant quick-service portfolio. • NNN Ground Lease, the tenant is responsible for all operating expenses including taxes, insurance, CAM, and maintenance. Simple fee ownership structure provides investors with tax depreciation benefit

Market Context

This retail in Naugatuck, CT is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Naugatuck, CT — <a href="/search/sale/retail/connecticut/naugatuck">view the full market</a>.

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