For Sale
$850,000

142 Old Tpke RdThompson, CT 06277

NNN Leased Bar/Restaurant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully occupied, 3,195 square foot bar and restaurant located at 142 Old Turnpike Rd, Thompson, Connecticut, 06277. The property, built in 1960 and extensively renovated in 2024, boasts a strong net operating income (NOI) of $37,200. The single-story, Class C building sits on a commercially zoned lot and includes a 2,324 square foot main building and a 600 square foot storage building. Currently operating under a triple-net (NNN) lease with 100% occupancy, the lease extends until November 2, 2024, ensuring immediate cash flow. The convenient location, situated at the crossroads of Massachusetts and Rhode Island, and minutes from Thompson Speedway, offers excellent visibility and accessibility via Route 395 (Exit 50). Ample parking is provided with 30 spaces. This turnkey operation presents a rare chance to acquire a well-established business in a desirable location, offering a compelling return on investment within a charming New England village setting. The property features 3,195 square feet of net rentable space.

Highlights

  • $850,000 Asking Price for a Net Lease Retail Property
  • 3,195 SF fully occupied Bar/Restaurant in Thompson, CT
  • 100% Occupancy with a new NNN lease starting November 2, 2024
  • $37,200 Annual NOI
  • Newly renovated in 2024, single-story building built in 1960.

Property Details for 142 Old Tpke Rd

Property type
Retail properties, Restaurants
Square Feet
3,195 SF
Class
C
Year Built/Renovated
1960/2024
Buildings
1
Stories
1
Units
1

Location Insight

City
Thompson
County
Windham
State
Connecticut
Latitude
41.9996669
Longitude
-71.8790745
142 Old Tpke Rd, Thompson, Connecticut

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142 Old Tpke Rd
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