For Sale
$549,500

454 Storrs RdMansfield, CT 06250

High-return liquor store, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a thriving liquor store in Mansfield, Connecticut, is available for purchase. This single-tenant, net-lease property boasts 1,206 square feet of retail space situated on a 0.3-acre lot with ample parking for 20 vehicles. Built in 2009 and renovated in 2016, the property features a professional interior design, including 11 glass-door refrigerators and a full basement. The current lease is a Net Lease agreement with a monthly rent of $2,500. The property's strong financial performance is reflected in its impressive NOI of $454,802 and a cap rate of 82.77%. The asking price for the real estate is $549,500. The store enjoys a strategic location just 2.5 miles from the University of Connecticut, benefiting from high foot traffic and a loyal customer base. Its product mix includes wine (35%), liquor (30%), beer (35%), and lottery tickets (generating approximately $500 in sales). The property is zoned NB2 and offers a significant return on investment for qualified buyers. Owner financing may be available for experienced and financially qualified purchasers. Note that the business and real estate must be sold together.

Highlights

  • 1,206 square feet of rentable space
  • 0.30-acre lot
  • Full basement
  • On-site parking for 20 vehicles
  • 11 glass-door refrigerators

Property Details for 454 Storrs Rd

Property type
Retail properties, Retail space
Square Feet
1,206 SF
Year Built/Renovated
2009/16
Stories
1
Lot Size (sq. ft)
13,068 SF
Units
1

Location Insight

City
Mansfield
County
Tolland
State
Connecticut
Latitude
41.759249182594
Longitude
-72.195427973652
454 Storrs Rd, Mansfield, Connecticut

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454 Storrs Rd
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