2285 Reservoir AveTrumbull, CT 06611

Property Details for 2285 Reservoir Ave

Year built

1977

Construction

STEEL FRAME

Lot size

2.79 AC

Property size (Sq ft)

24,856 SF

Zone code

I-L2

Property type

Industrial properties

Property subtype

Other industrial properties

APN

TRUM M:G-10 L:00068 U:000

APU

TRUMMG10L00068U000

Description

This exceptional investment opportunity presents a 24,856 square foot, multi-tenant retail property located at 2285 Reservoir Ave, Trumbull, CT 06611, in Fairfield County. The property is currently 100% occupied, boasting a strong net operating income (NOI) of $526,732, and a compelling 7.75% cap rate. Priced at $6,800,000 ($273.58/sq ft), this net lease investment offers minimal landlord responsibilities. The property features a modified lease structure with a multi-tenant occupancy, anchored by The Learning Experience, a nationally recognized and rapidly expanding early childhood education program with over 350 locations. The lease with The Learning Experience extends until August 31, 2040, providing a substantial remaining lease term of 15.8 years. Significant improvements are planned for 2024, including a new roof installation in May, along with renovations to The Learning Experience and Abrakadoodle spaces, encompassing new plumbing and HVAC systems. Rockwell Dance Center windows will also be replaced. Situated on a 1.5-acre lot, this property benefits from its location in affluent Fairfield County, consistently ranked among the wealthiest counties in the United States and home to numerous Fortune 1000 companies. This prime location makes it exceptionally well-suited for an early childhood education provider, further enhancing the long-term value and stability of this investment.

Location Insight

City

Trumbull

County

Fairfield

State

Connecticut

Latitude

41.2323

Longitude

-73.1965

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].