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Shopping Strip

The Stores at Kelly Road

378 Kelly Rd, Vernon, CT 06066

Listing Price: $6,533,000

Cap Rate
6.25%
Gross SF
25,031
Rentable SF
25,031
Price/Gross SF
$261.00
Lot Size
1.76 acres
Year Built
1967

Investment Overview

The NNN Pro Group is pleased to present the exclusive listing for The Stores at Kelly Road located at 378 Kelly Road, Vernon, CT. The property is comprised of 25,031 total square feet on 1.76 acres of land. The strip center is 100% leased and the tenants include Goodyear, Asymmetry Salon, Tommy’s Tanning, Unicorn Bakery, Music and Arts (a division of Guitar Center), Spice Town Grocery Store, Yang Zi Jiang Chinese Food Restaurant, and Rita’s Italian Ice. All eight tenants are subject to net leases where they reimburse for everything other than roof and structure. The only nuances are that Yang Zi Jiang is reimbursable for all CAM expenses above the 2012 base year and Music and Arts CAM cannot increase by more than 105% over the previous year. The weighted average lease term for these tenants are 4.89 years. One tenant has two, five-year renewal options, four tenants have one, five-year renewal option, and two tenants have none. This is a great opportunity for an investor to acquire a 100% leased strip center directly off of Interstate-84 in a very strong retail corridor.

Investment Highlights

  • Opportunity to Acquire a 100% Leased Strip Center with Goodyear, Spice Town Grocery Store, and Rita's Italian Ice
  • Weighted Average Lease Term of 4.89 Years
  • Tenant's Reimburse for the Majority of Expenses

Exclusively Listed By

Shopping Strip

The Stores at Kelly Road

Listing Price: $6,533,000

Cap Rate
6.25%
Gross SF
25,031
Rentable SF
25,031
Price/Gross SF
$261.00
Lot Size
1.76 acres
Year Built
1967

Investment Highlights

  • Opportunity to Acquire a 100% Leased Strip Center with Goodyear, Spice Town Grocery Store, and Rita's Italian Ice
  • Weighted Average Lease Term of 4.89 Years
  • Tenant's Reimburse for the Majority of Expenses

Investment Overview

The NNN Pro Group is pleased to present the exclusive listing for The Stores at Kelly Road located at 378 Kelly Road, Vernon, CT. The property is comprised of 25,031 total square feet on 1.76 acres of land. The strip center is 100% leased and the tenants include Goodyear, Asymmetry Salon, Tommy’s Tanning, Unicorn Bakery, Music and Arts (a division of Guitar Center), Spice Town Grocery Store, Yang Zi Jiang Chinese Food Restaurant, and Rita’s Italian Ice. All eight tenants are subject to net leases where they reimburse for everything other than roof and structure. The only nuances are that Yang Zi Jiang is reimbursable for all CAM expenses above the 2012 base year and Music and Arts CAM cannot increase by more than 105% over the previous year. The weighted average lease term for these tenants are 4.89 years. One tenant has two, five-year renewal options, four tenants have one, five-year renewal option, and two tenants have none. This is a great opportunity for an investor to acquire a 100% leased strip center directly off of Interstate-84 in a very strong retail corridor.

Exclusively Listed By

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