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Restaurant

Bertucci's

2929 Berlin Turnpike, Newington, CT 06111

Listing Price: $3,350,000

Cap Rate
6.75%
Tenant Name
Bertucci's
Years Remaining On Lease
7.0
Gross SF
7,122
Guarantor
Corporate Guarantee
Rentable SF
7,122
Price/Gross SF
$470.37
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.74

Investment Overview

Real Estate Fundamentals - Bertucci’s sits on a large 3.56 Acre Parcel at the signalized intersection of the Berlin Turnpike & Griswoldville Avenue with Average Traffic Counts of 33.5K Vehicles Per Day • Outparcel to Price Chopper Anchored Center – Featuring National, Credit Tenants including Dick’s Sporting Goods, GameStop, Chili’s, & others • Dense, Stable Middle-Class Demographics - Average Household Income is $89K & and a Population of 202K Residents within a 5-Mile Trade Radius • Centralized Location - Just eight miles away from the State Capitol, Hartford, CT (121K Population) • Major Economic Drivers - Subject Site benefits from its proximity to major submarket traffic generators including Central Connecticut State University (12K Students Enrolled), Hartford HealthCare Facility (937K Annual Patient Visits) & the New Britain Museum of American Art (70K+ Annual Visitors)

Investment Highlights

  • • Corporate Lease with over (7) Years Remaining on Term
  • • Absolute Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • • Attractive Rental Increases of Two Percent (2%) Annual Escalations & Stable NOI Growth
  • • Proven Location as demonstrated by the Site's Operating History since 1993

Exclusively Listed By

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    (203) 672-3300

    License(s) CT: REB.0752012

    Connecticut

Listing Price: $3,350,000

Cap Rate
6.75%
Tenant Name
Bertucci's
Years Remaining On Lease
7.0
Gross SF
7,122
Guarantor
Corporate Guarantee
Rentable SF
7,122
Price/Gross SF
$470.37
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.74

Investment Highlights

  • • Corporate Lease with over (7) Years Remaining on Term
  • • Absolute Triple Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • • Attractive Rental Increases of Two Percent (2%) Annual Escalations & Stable NOI Growth
  • • Proven Location as demonstrated by the Site's Operating History since 1993

Investment Overview

Real Estate Fundamentals - Bertucci’s sits on a large 3.56 Acre Parcel at the signalized intersection of the Berlin Turnpike & Griswoldville Avenue with Average Traffic Counts of 33.5K Vehicles Per Day • Outparcel to Price Chopper Anchored Center – Featuring National, Credit Tenants including Dick’s Sporting Goods, GameStop, Chili’s, & others • Dense, Stable Middle-Class Demographics - Average Household Income is $89K & and a Population of 202K Residents within a 5-Mile Trade Radius • Centralized Location - Just eight miles away from the State Capitol, Hartford, CT (121K Population) • Major Economic Drivers - Subject Site benefits from its proximity to major submarket traffic generators including Central Connecticut State University (12K Students Enrolled), Hartford HealthCare Facility (937K Annual Patient Visits) & the New Britain Museum of American Art (70K+ Annual Visitors)

Exclusively Listed By

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    (203) 672-3300

    License(s): CT: REB.0752012

    Connecticut

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