For Sale
$1,200,000

17 Main St Marlborough, CT 06447

High-NOI, NNN Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 3,430 square foot storefront in Marlborough, CT, at 17 N Main St. The property, completely renovated in 2021, boasts a 10-year absolute NNN lease with eight years remaining, featuring a popular restaurant tenant, Zina's Cucina, and two luxury apartments. The restaurant, having invested over $300,000 in improvements, enjoys a prime location with convenient access to Route 2. The building features a new roof, mechanicals, windows, façade, outdoor patio, plumbing, parking lot, and electrical systems. The two luxury apartments, designed by Design Your Monday, offer high-end finishes including leathered granite, custom kitchens, high tray ceilings, and radiant heated floors. The apartments are accessed via new Trex staircases and benefit from professionally maintained landscaping. The property generates a strong NOI of $85,000, with 3% annual rent bumps built into the lease, ensuring a stable and appreciating asset. This hands-off investment offers immediate cash flow and significant long-term potential. The property's prime location and strong tenant commitment make it an ideal addition to any portfolio. The building adheres to the county's newest building code.

Highlights

  • Brand-new, 3,430 sq ft storefront in Marlborough, CT at 17 N Main St.
  • 10-year absolute NNN lease with eight years remaining, featuring Zina's Cucina restaurant and two luxury apartments.
  • $85,000 NOI with 3% annual rent increases.
  • Completely renovated in 2021, including new roof, mechanicals, windows, façade, patio, plumbing, parking lot, and electrical systems.
  • Luxury apartments feature high-end finishes and are accessed via new Trex staircases.
  • Prime location with convenient Route 2 access.

Property Details for 17 Main St

Property type
Retail properties, Retail space
Square Feet
3,430 SF
Year Built/Renovated
2021/2021

Location Insight

City
Marlborough
County
Hartford
State
Connecticut
Latitude
41.6318952
Longitude
-72.4613422

FAQs

What type of property is this?
Retail property - High-NOI, NNN Lease, Prime Location
Where is the retail property located?
The property is located at 17 Main St Marlborough, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Brand-new, 3,430 sq ft storefront in Marlborough, CT at 17 N Main St.; 10-year absolute NNN lease with eight years remaining, featuring Zina's Cucina restaurant and two luxury apartments.; $85,000 NOI with 3% annual rent increases.
How can I contact the broker?
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17 Main St
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