Retail Business for Sale in Waterbury, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Waterbury, CT 06704

Description

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Waterbury CT. The stand-alone 7,639 SF Town Fair Tire has 7 service bays and is ranked as the #4 performer in the 119 store chain. Investment Highlights: • TOP PERFORMING STORE IN THE CHAIN Ranked #4 out of 119 locations by Placer.ai based on Visits PSF ranking • ZERO LANDLORD RESPONSIBILITIES Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute net • LONG TERM ABSOLUTE NNN LEASE W/ BUMPS 16 years remaining on the base term with 10% bumps every 5 years.

Market Context

This retail in Waterbury, CT is listed for sale. It is offered at an approximate 6.0% 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 Waterbury, CT — <a href="/search/sale/retail/connecticut/waterbury">view the full market</a>.

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