For Sale
$3,200,000

15 Memorial Blvd Bristol, CT 06010

Multi-Tenant Retail Building, 7.58% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fully leased, 26,387 square foot retail building situated on a 1.58-acre lot in Bristol, Connecticut. The property, built in 1935, boasts three tenants: Dollar General and Liquor Depot among them, ensuring a stable income stream. The building features a single story design, central air and heating, high and drop ceilings, and ample on-site parking with a ratio of 6.31 spaces per 1,000 square feet. Located on Memorial Boulevard, the property benefits from high visibility and significant traffic, with an average daily traffic count of 9,950 vehicles. The 330-foot frontage provides excellent signage opportunities, including on-building and pylon signage. The property is zoned BD-1, offering flexibility for future development. With a strong net operating income (NOI) of $242,712 and an attractive asking price of $3,200,000, this represents a compelling 7.58% capitalization rate. The property's location in the heart of Bristol, combined with its strong tenant occupancy and favorable financial metrics, makes it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable Connecticut market.

Highlights

  • 26,387 SF retail building.
  • Located in Downtown Bristol, CT.
  • Built in 1935, single-story building on a 1.58-acre lot.
  • 9,950 ADT (Average Daily Traffic).
  • 6.31 parking spaces per 1,000 square feet.
  • On-building and pylon signage opportunities.

Property Details for 15 Memorial Blvd

Property type
Retail properties, Retail space
Square Feet
26,387 SF
Year Built
1935
Buildings
1
Stories
1
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Bristol
County
Hartford
State
Connecticut
Latitude
41.670339066111
Longitude
-72.941899273144

FAQs

What type of property is this?
Retail property - Multi-Tenant Retail Building, 7.58% Cap Rate
Where is the retail property located?
The property is located at 15 Memorial Blvd Bristol, CT.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 26,387 SF retail building.; Located in Downtown Bristol, CT.; Built in 1935, single-story building on a 1.58-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15 Memorial Blvd
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