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Avon, CT Firestone Ground Lease (Russell Speeder’s Car Wash)

$1,915,000
265 W Main St, Avon, CT 06001
Lease Type Absolute NNN Ground Lease
Cap Rate 5.85%
Building Size 6,668 SF
Land Area 1.32 AC
Remaining Term 2 Years, 5 Months
Status Active
Property Highlights

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Russell Speeder’s Car Wash | Avon, Connecticut. This 6,668 SF asset has been 100% occupied by Speeder’s since 2005 with unmatched visibility along Rt 202 (W Main St) in a major regional retail market servicing the suburban communities northwest of Hartford.

  • ABSOLUTE NNN GROUND LEASE
    Zero Landlord Responsibilities Allows for Passive Ownership and Income
  • INVESTMENT GRADE PRIMARY TENANT
    Firestone/Bridgestone has a Market Cap of $22.8Bn and a Credit Rating of A2 (Moody’s)
  • ATTRACTIVE INVESTMENT METRICS
    Low Rent PSF and Rental Increases (15% every 5 years)
  • EXCELLENT SITE LOCATION
    High Visibility Walmart Outparcel and Strong Retail Corridor