268 Atlantic StStamford, CT 06901

Property Details for 268 Atlantic St

Property size (Sq ft)

21,412 SF

Property type

Retail properties

Property subtype

Bars

Description

This exceptional investment opportunity presents a 21,412 square foot, two-story sports bar and betting facility located at 268 Atlantic Street in Stamford, Connecticut's vibrant downtown. The property, known as Bobby's & Winners Stamford, boasts a strong 100% occupancy rate under a single-tenant, absolute NNN lease with 9 years remaining. The current tenant, Bobby V's, operates a successful sports bar and sports betting establishment. The building underwent renovations in 2014 and offers a substantial net operating income (NOI) of $520,100, translating to a compelling 7.43% cap rate. Priced at $7,000,000, this represents a price per square foot of $326.92. This is a rare chance to acquire a stable, high-performing asset in a desirable location with significant long-term potential. The property's absolute NNN lease structure minimizes landlord responsibilities, providing a passive income stream with minimal management overhead. Situated in Fairfield County, this property benefits from the strong economic activity and high population density of Stamford, CT. The address is 268 Atlantic St, Stamford, CT 06901. This is an ideal addition to any commercial real estate portfolio seeking consistent returns and long-term value appreciation.

Location Insight

City

Stamford

County

Fairfield

State

Connecticut

Latitude

41.0517

Longitude

-73.5391

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