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1395 Middletown Avenue
North Branford, CT 06472
Asking Price
$1.60M
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Former Rite Aid | 10,440 SF | 2.6 Acres <ul><li><strong>Attractive Acquisition Basis ($153/SF)</strong> – Opportunity to acquire a modernized freestanding commercial building at a basis significantly below replacement cost</li><li><strong>Value-Add Lease-Up Opportunity</strong> – Vacant building provides investors and owner-users the ability to create value through occupancy, repositioning, or redevelopment</li><li><strong>Former Rite Aid with Existing Drive-Thru</strong> – Existing drive-thru infrastructure creates appeal for fina
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124