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Miscellaneous

Farm Stores

3005 E Main St, Waterbury, CT 06705

Listing Price: $1,478,261

Cap Rate
5.75%
Tenant Name
EA ENTERPRISE, LLC
Gross SF
716
Guarantor
Personal Guarantee
Rentable SF
716
Price/Gross SF
$2,064.61
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$118.72

Investment Overview


Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores located at Lots 19 and 26 East Main Street in Waterbury, CT. Scheduled to open in July 2021, the site will consist of roughly 716 rentable square feet of building space on estimated 1.24-acre parcel of land.
The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which will commence upon store opening. The initial annual rent will be $85,000 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Investment Highlights

  • Brand New Construction; Estimated Opening July 2021!
  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Store Opening
  • Strong Hedge Against Inflation | Three Percent (3.0%) Annual Rental Increases
  • Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Barry M. Wolfe

    Senior Managing Director Investments

    (954) 245-3493

    Email Barry

    License(s): FL: SL702613

    Fort Lauderdale

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    License(s): CT: REB.0752012

    Connecticut

Listing Price: $1,478,261

Cap Rate
5.75%
Tenant Name
EA ENTERPRISE, LLC
Gross SF
716
Guarantor
Personal Guarantee
Rentable SF
716
Price/Gross SF
$2,064.61
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$118.72

Investment Highlights

  • Brand New Construction; Estimated Opening July 2021!
  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Store Opening
  • Strong Hedge Against Inflation | Three Percent (3.0%) Annual Rental Increases
  • Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Investment Overview


Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores located at Lots 19 and 26 East Main Street in Waterbury, CT. Scheduled to open in July 2021, the site will consist of roughly 716 rentable square feet of building space on estimated 1.24-acre parcel of land.
The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which will commence upon store opening. The initial annual rent will be $85,000 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Barry M. Wolfe

    Senior Managing Director Investments

    (954) 245-3493

    Email Barry

    License(s): FL: SL702613

    Fort Lauderdale

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    License(s): CT: REB.0752012

    Connecticut

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