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Miscellaneous

West Marine

9 Maritime Dr, Stonington, CT 06355

Listing Price: $4,881,067

Cap Rate
7.50%
Tenant Name
West Marine Products, Inc.
Years Remaining On Lease
2.5
Guarantor
Corporate Guarantee
Rentable SF
13,000
Lease Type
Double Net
Rent Per Square Feet
$28.16

Investment Overview

Marcus & Millichap is pleased to present the exclusive net-lease offering for the West Marine located at 9 Maritime Drive in Mystic, Connecticut. The site constructed in 2014, consists of roughly 13,000 rentable square feet of building space on an estimated 11.08 acre parcel of land. West Marine is subject to a ten-year double-net (NN) lease, which commenced on November 7, 2014. The annual rent is $366,080 as of a rental increase starting November 7, 2019. There are three (3), five (5)-year tenant renewal options.

Investment Highlights

  • Original 10-Year Double-Net (NN) Lease With 2.6 Years Remaining
  • Attractive Rental Increases of 10% Every Five (5) Years, Carrying Into Option Periods
  • Tenant Renewal Options: Three (3) Periods of Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Miscellaneous

West Marine

Listing Price: $4,881,067

Cap Rate
7.50%
Tenant Name
West Marine Products, Inc.
Years Remaining On Lease
2.5
Guarantor
Corporate Guarantee
Rentable SF
13,000
Lease Type
Double Net
Rent Per Square Feet
$28.16

Investment Highlights

  • Original 10-Year Double-Net (NN) Lease With 2.6 Years Remaining
  • Attractive Rental Increases of 10% Every Five (5) Years, Carrying Into Option Periods
  • Tenant Renewal Options: Three (3) Periods of Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive net-lease offering for the West Marine located at 9 Maritime Drive in Mystic, Connecticut. The site constructed in 2014, consists of roughly 13,000 rentable square feet of building space on an estimated 11.08 acre parcel of land. West Marine is subject to a ten-year double-net (NN) lease, which commenced on November 7, 2014. The annual rent is $366,080 as of a rental increase starting November 7, 2019. There are three (3), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

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