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Auto Service - Gas-Conv

Citgo

116 Center St, Manchester, CT 06040

Listing Price: $2,750,000

Cap Rate
9.89%
Tenant Name
Owner/User
Years Remaining On Lease
10.0
Gross SF
1,708
Guarantor
No Guarantee
Rentable SF
1,708
Price/Gross SF
$1,610.07
Lease Type
Tenant at Will
Rent Per Square Feet
$347.93

Investment Overview

116 Center St, Manchester, Connecticut is a high-performing, branded gas station with an integrated convenience store, located at a signalized intersection on the corner of Center and Church. The property spans 0.51 acres and features a 1,708 SF retail building, 8 fueling positions, and ample ingress/egress. Built in 1957 and well-maintained, the facility is in turnkey condition.

Investment Highlights

  • Part of two Property Portfolio with 252 Spencer St, Manchester, Connecticut 06040 | Close Proximity, 2.5 Miles | Ease of Management
  • High-performing gas/C-store offering established operations, delivering immediate income & operational efficiencies. Turnkey business with a proven track record of success and a stable cash flow.
  • Approximately 8 years remaining on the gas contract
  • 15,204 Vehicle per Day | Located on a Signalized Corner

Exclusively Listed By

Auto Service - Gas-Conv

Citgo

Listing Price: $2,750,000

Cap Rate
9.89%
Tenant Name
Owner/User
Years Remaining On Lease
10.0
Gross SF
1,708
Guarantor
No Guarantee
Rentable SF
1,708
Price/Gross SF
$1,610.07
Lease Type
Tenant at Will
Rent Per Square Feet
$347.93

Investment Highlights

  • Part of two Property Portfolio with 252 Spencer St, Manchester, Connecticut 06040 | Close Proximity, 2.5 Miles | Ease of Management
  • High-performing gas/C-store offering established operations, delivering immediate income & operational efficiencies. Turnkey business with a proven track record of success and a stable cash flow.
  • Approximately 8 years remaining on the gas contract
  • 15,204 Vehicle per Day | Located on a Signalized Corner

Investment Overview

116 Center St, Manchester, Connecticut is a high-performing, branded gas station with an integrated convenience store, located at a signalized intersection on the corner of Center and Church. The property spans 0.51 acres and features a 1,708 SF retail building, 8 fueling positions, and ample ingress/egress. Built in 1957 and well-maintained, the facility is in turnkey condition.

Exclusively Listed By

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