Town Fair Tire - Net Lease Property for Sale
Waterbury, CT
Key Investment Metrics
Price
$4,412,000
Cap Rate
6.0%
Net Operating Income
$264,705
Building Size
7639 SF
Lot Size
7,639 SF
Land Area
0.75 Acres
Remaining Term
14.9 years
Lease Expiration
11/26/2040
Lease Term
20 years
Lease Commencement
11/26/2020
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
1950
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 years
About This Town Fair Tire Net Lease Property
This Town Fair Tire NNN (triple net lease) property is located in Waterbury, CT and represents an excellent investment opportunity for commercial real estate investors. The property features 7639 square feet of building space and was built in 1950.
With a cap rate of 6.0%, this Town Fair Tire net lease property offers stable income potential. The asking price is $4,412,000, making it an attractive option for 1031 exchange investors seeking quality Town Fair Tire commercial properties.
Why Invest in Town Fair Tire NNN Properties?
- Stable Income: Town Fair Tire net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Town Fair Tire is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Waterbury, CT Market Overview
Located in Waterbury, CT, this Town Fair Tire property benefits from strong local demographics and market fundamentals. The Waterbury area offers excellent visibility and accessibility, making it an ideal location for Town Fair Tire operations and a solid investment for net lease property buyers.