Bob's Discount Furniture

515 Boston Post Rd Orange , CT 06477-3509

Bob's Discount Furniture - Retail for sale

Download Offering Memorandum

Overview


JLL Capital Markets is pleased to offer for sale the Bob’s Discount Furniture property in Orange, Connecticut. The property represents an exceptional opportunity to acquire a well-established, single-tenant asset in a strong suburban location. The site is situated in the heart of the Route 1/Boston Post Road corridor, the premier retail corridor in New Haven County. Bob’s is neighbored by dozens of other national credit retailers, including Whole Foods, Walmart, Target, Home Depot, Costco, TJ Maxx and the super-regional Connecticut Post Mall. Bob’s Discount Furniture has been operating at this location for over 20 years, and offers investors a stable income stream with 2.5% annual rental increases.

Investment Highlights


  • Established Retail Corridor and Strong Demographics
  • Proven Location
  • Fully Net Lease
General
Property Type Retail
Property Subtype Single Tenant / Standalone
Tenure Type Sale / Purchase
Property Address 515 Boston Post Rd, Orange, CT 06477-3509
Land In Acres 1.5
Building Size 28,024  ft2
Financial
Price $6,588,000
Cap Rate 7.75%
Current NOI $510,366.00
Lease
Tenant's Name Bob's Discount Furniture, LLC
Lease Type NNN
Annual Rent $510,366.00
Lease Expiration Date 10/31/2023
Remaining Term 4.4Yrs

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