753 Hartford PikeKillingly, CT 06241

Property Details for 753 Hartford Pike

Year built

2017

Construction

STEEL FRAME

Lot size

1.70 AC

Property size (Sq ft)

7,225 SF

Zone code

GC

Property type

Retail properties

Property subtype

Retail space

APN

KILL M:130 B:49

APU

KILLM130B49

Description

This exceptional investment opportunity presents a 7,225 square foot O'Reilly Auto Parts retail building located at 753 Hartford Pike, Killingly, CT 06241. Built in 2017, this single-tenant property boasts a strong 13-year remaining lease term (expiring 10/31/2037) with a corporate guarantee. The property enjoys excellent visibility and access on a major thoroughfare, less than a mile from other major retailers including Target, Lowe's, and more. The building benefits from a Net Net lease structure, providing a stable income stream with a current NOI of $125,665 and a 5.84% cap rate. The asking price is $2,150,000 ($297.58/sq ft). Situated in a strong demographic area with over 23,000 people within a 5-mile radius and average household incomes exceeding $80,000, this property offers a compelling combination of stability, location, and growth potential. The lease includes rent increases every five years, starting in four years. This is a turnkey investment with minimal deferred maintenance, providing a secure and profitable addition to any portfolio. The property is 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $1,755,927

  6.5%

  $1,620,856

  7%

  $1,505,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,378,926

  Geo Method

  $2,378,926

• Alternative Use

  Use

  Valuation

  Residential

  $1,367,253

  Hospitality

  $1,252,396

  Educational

  $1,041,979

  Medical

  $1,077,814

  Retail

  $1,620,856

Location Insight

City

Killingly

County

Windham

State

Connecticut

Latitude

41.839

Longitude

-71.8734

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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