1949 Center Groton RdLedyard, CT 06339

Property Details for 1949 Center Groton Rd

Year built

2019

Construction

FRAME

Lot size

3.00 AC

Property size (Sq ft)

5,186 SF

Property type

Showrooms

APN

LEDY M:67 B:430 L:1949

APU

LEDYM67B430L1949

Description

This exceptional 1200-square-foot retail space in Ledyard, Connecticut, is ideally suited for a quick-service restaurant (QSR). Located within a busy 5,000+ square-foot gas station/convenience store at 1949 Center Groton Rd, 06339, this property boasts an approximate daily traffic count of 8,400 vehicles, ensuring high visibility and accessibility. The space offers an optional drive-thru, perfect for maximizing efficiency and customer convenience. The initial five-year lease starts at $3,900 per month for the first year, with a 3% annual increase. Utilities are tenant-responsible, simplified by separate meters and a dedicated AC unit. Tenants are responsible for build-out costs. This space is perfect for concepts like donut/coffee shops or pizza places

• CAP approach

  CAP return

  Valuation

  6%

  $1,260,379

  6.5%

  $1,163,427

  7%

  $1,080,325

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,707,559

  Geo Method

  $1,707,559

• Alternative Use

  Use

  Valuation

  Residential

  $981,394

  Hospitality

  $898,952

  Educational

  $747,917

  Medical

  $773,639

  Retail

  $1,163,427

Location Insight

City

Ledyard

County

New London

State

Connecticut

Latitude

41.4389

Longitude

-72.0151

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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