For Sale | $1,850,000 FULLY LEASED
GROUND LEASE INVESTMENT OPPORTUNITY | 7,810± SF FULLY LEASED RETAIL SPACE
Jay L. Morris
O: (860) 761-6008
C: (860) 916-1747
[email protected]
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Highlights
- 2026 Lease Rate: $134,660 NNN*
- 7.28% CAP Rate
- Ground Lease through 11/30/31
- Additional 5 year renewal option
- Tenant has been sole occupant since building was constructed in 1997.
- 1.14 acres in the RF-40 Zone
- Excellent Visability
- Traffic Count: 22,900 ADT
- Rt. 5, I-91, Exit 15
Property Description
O,R&L Commercial is pleased to present an investment opportunity at 882 North Colony Road in Wallingford, featuring a fully leased 7,810± SF commercial retail building situated on 1.14± acres. The property is 100% leased to Advance Auto Parts under a ground lease extending through November 30, 2031, with an additional five-year renewal option available. Offered at a sale price of $1,850,000, the asset provides a projected 2026 lease rate of $134,660 NNN and an attractive 7.28% cap rate. Built in 1997, the one-story masonry building offers excellent visibility along Route 5 with a strong traffic count of 22,900 ADT and convenient access to I-91 Exit 15. Located within the RF-40 zoning district, the property benefits from strong surrounding demographics.
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