Miscellaneous
Hazard Ave Retail
55 Hazard Ave, Enfield, CT 06082
Listing Price: $2,238,248
Cap Rate
7.25%
Tenant Name
Napa Auto Parts
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
11,980
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.55
Investment Overview
See Highlights
Hazard Ave Retail
Investment Highlights
- High visibility - The property is located between Cranbrook Boulevard and Hazard Avenue with ingress and egress access onto each street. Hazard Avenue sees over 28,000 vehicles per day.
- Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
- Strong Population - With 77,000+ residents and 29,000+ households within 5 miles, there is an ample customer base for the tenant. The 5-Mile average household income exceeds $120,000.
- corporately guaranteed Tenants - The property is 100% leased to Napa Auto Parts, which recently exercised a five year renewal early as part of an expansion within the building, and Yale New Haven Health Urgent Care, a multi-unit regional medical provider.
- Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5% and rental rates increasing year over year
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
Listing Price: $2,238,248
Cap Rate
7.25%
Tenant Name
Napa Auto Parts
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
11,980
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.55
Investment Highlights
- High visibility - The property is located between Cranbrook Boulevard and Hazard Avenue with ingress and egress access onto each street. Hazard Avenue sees over 28,000 vehicles per day.
- Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
- Strong Population - With 77,000+ residents and 29,000+ households within 5 miles, there is an ample customer base for the tenant. The 5-Mile average household income exceeds $120,000.
- corporately guaranteed Tenants - The property is 100% leased to Napa Auto Parts, which recently exercised a five year renewal early as part of an expansion within the building, and Yale New Haven Health Urgent Care, a multi-unit regional medical provider.
- Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5% and rental rates increasing year over year
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
