For Sale | $1,850,000
INVESTMENT OPPORTUNITY | 8.45% CAP | $156,394 NOI
Luke Massirio
O: (860) 761-6016
C: (860) 883-6013
[email protected]
Request More Info
Highlights
- Turn Key Investment
- 100% Leased - Long-term
- Tenants: The Beer'd Brewing Co & Mystic Cheese
- 8.45% CAP
- $156,394 NOI
Property Description
Positioned in the heart of Groton’s industrial corridor, 225 Leonard Drive presents a fully leased, income-generating investment opportunity featuring two modern industrial buildings on 1.69± acres. Building 1, constructed in 2018, spans approximately 10,500 SF and offers 30'–34' clear heights, two drive-in doors, and robust 2,200amp/480V/3PH power—ideal for high-capacity operations. Building 2, built in 2010, comprises 4,050 SF with four 18' drive-in doors and 32' clear height.
Both buildings are climate-controlled with gas heating and air conditioning, and constructed with light steel and metal gable roofs. The property is zoned IG and benefits from monument signage, ample parking, and direct access to I-95 via Exit 87 (Route 349), enhancing logistical efficiency. Tenancy includes long-term leases with The Beer’d Brewing Co. and Mystic Cheese, delivering a projected 8.45% cap rate by 2026 and a stable annual NOI of $156,394.
Located near the Groton-New London Airport and within reach of major regional hubs, this asset offers investors a rare blend of modern industrial infrastructure, strong tenant performance, and strategic location in southeastern Connecticut’s thriving business environment.
Map