About 184 Route 12
Corporate guaranteed Advance Auto Parts standalone building in Groton, CT is up for sale at a 6.5% CAP rate. This 7,000 square foot building sits on .82 acres on busy route 184 just off I95. Lease is still in its first term with three options and rental increases remaining but Advance Auto Parts has shown a strong commitment to this market which has a densely populated area between Electric Boat and the Submarine Base. Surrounding tenants include Stop & Shop, Walmart, Kohls, McDonalds, Chipotle and many others. Great opportunity to own a guaranteed asset with significant CAP rate and upside.
Features of 184 Route 12
| MLS® # | 170540658 |
|---|---|
| Price | $2,275,000 |
| Bathrooms | 0.00 |
| Square Footage | 6,889 |
| Acres | 0.82 |
| Year Built | 2007 |
| Type | Commercial/Investment |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 184 Route 12 |
|---|---|
| Area | N/A |
| City | Groton |
| County | New London |
| State | CT |
| Zip Code | 06340 |
Amenities
| Utilities | Electric, Gas, Telephone, Cable, Fire Suppression System |
|---|---|
| Parking | Paved, Off Street Parking, Parking Lot |
| Garages | Paved, Off Street Parking, Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Concrete |
|---|---|
| Heating | Hot Air, Propane |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Lot Description | Level Topography |
|---|---|
| Roof | Tar/Gravel |
| Construction | Block |
| Foundation | Block |
Additional Information
| Date Listed | December 22nd, 2022 |
|---|---|
| Days on Market | 96 |
| Zoning | CR |
| RE / Bank Owned | No |
Listing Details
| Office | William Pitt Sotheby's Int'l |
|---|