$5.36 Per Sq Foot $81 est/mo Sourced by Back At You

423 Williams Street,New London, CT 06320

New London CT, 06320

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Description

Explore a unique leasing opportunity at a newly built Shell branded gas station and convenience store in New London County, CT. This state-of-the-art facility features 4 pumps (8 fueling dispensers, including diesel). The spacious 2,800 sq ft convenience store offers a wide range of retail options. The Key Money amount is $300,000 for the initial lease term. Commission Agent ($0.05 per gallon) prior to new build, site was previously and established gas station/c-store (estimated 60,000 gallons per month.) The lease is a five year term with renewal option, requiring additional key money upon renewal. Monthly rent is $15,000, with the landlord covering property taxes and 70% of credit card fees. Tenants cover utilities, personal property tax, 30% of credit card fees, and a $350 monthly terminal fee. A fuel and building security deposit of $35,000 is required. The landlord is responsible for maintaining the underground storage tanks, pumps and property, while the tenant is responsible for maintaining the interior of the building. Note: no alcohol sales permitted. Two additional newly constructed locations within a 10-mile radius also available for lease, supporting potential multi-store ventures. Close proximity to highways, shopping centers, and restaurants, with a daily traffic count of around 8,200 cars. Photos available early August.

Details

MLS#24029984
Listing TypeFor Sale
StatusActive
Year2024
Days On Site11
Listing Provided ByRegency Real Estate, LLC | Islam Ahmad

Features

SQ Feet2,800
Units1
ZoningNB
Acreage0.60

Market Activity 06320

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Learn More About This Property

StateCT
CountyNew London
CityNew London
Zip Code06320
AreaNew London
Listing VS Median (in 06320)
Price:
$15,000
low | high
Med:
$2,200
100% of Average
SqFt:
2,800
low | high
Med:
1,450
98.214285714286% of Average
$ / SqFt:
$5
low | high
Med:
$2
100% of Average
On Site:
11
low | high
Med:
27.000000
40.740740740741% of Average
Sourced by Back At You
Listing Updated: July 3, 2024 at 1:39:09 AM PDT