For Sale
$5,195,378

1300 Main St Meriden, CT 06451

Prime CT auto shop, strong tenant.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
Exceptional investment opportunity featuring a brand-new, 12,424 square foot Caliber Collision auto body shop located at 1300 S Main St, Meriden, CT 06451. This fee-simple property boasts a 15-year absolute NNN lease with a prominent national tenant, commencing February 28, 2025, and expiring February 29, 2040. The lease includes a 10% rent increase every five years, providing built-in inflation protection. The property sits on a 4.09-acre lot and offers a 6.15% cap rate with a current NOI of $319,516. The asking price is $5,195,378, translating to $418.17 per square foot. The tenant, Caliber Collision, is the nation's largest auto body repair company, providing a strong corporate guarantee and mitigating risk. This investment is situated in a densely populated area within the New Haven-Hartford-Waterbury MSA, benefiting from high traffic and strong local demographics. The lease includes two 5-year renewal options, further enhancing the long-term value of this exceptional investment. The property is 100% occupied and suitable for a 1031 exchange. Year built is 2025.

Highlights

  • Absolute NNN lease; zero landlord responsibilities.
  • Brand new 2025 construction.
  • 10% rent increases every five years; inflation hedge.
  • Strong corporate guarantee from Caliber Collision, the nation's largest auto body repair company (1,800+ locations).
  • Recession-resistant industry; demand driven by car ownership.
  • Rare Connecticut investment opportunity near the densely populated New Haven-Hartford-Waterbury MSA (120,000 residents within five miles).

Property Details for 1300 Main St

Property type
Retail properties, Industrial properties
Square Feet
12,424 SF
Year Built
2025
Lot Size (sq. ft)
178,160 SF

Location Insight

City
Meriden
County
Hartford
State
Connecticut
Latitude
41.572582
Longitude
-72.897841

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FAQs

What type of property is this?
Retail property - Prime CT auto shop, strong tenant.
Where is the retail property located?
The property is located at 1300 Main St Meriden, CT.
What is the asking price?
The asking price for this property is $5,195,378.
What are key features of this property?
This property features: Absolute NNN lease; zero landlord responsibilities.; Brand new 2025 construction.; 10% rent increases every five years; inflation hedge.
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.
How do I access a private listing?
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Contacts

Lior Regenstreif
Lior Regenstreif
Visit Broker Website

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Useful Information

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Main St
Meriden, CT 06451

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Meriden, CT 06451

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1300 Main St
  • Lior Regenstreif
    Lior Regenstreif
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