$ 20,000
588 Long Hill Road Groton, CT 06340
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 20,000
Active
588 Long Hill Road Groton, CT 06340
4,500 SqFt
UPDATED:
08/16/2024 12:59 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 4,500 sqft
MLS Listing ID 24029982
Year Built 2024
Lot Size 0.950 Acres
Property Description
Explore a unique leasing opportunity at a newly built BP branded gas station and convenience store in New London County, CT. Situated in a prime location with high visibility and accessibility. This state-of-the-art facility features 6 pumps (12 fueling dispensers, including diesel) and 3 EV charging stations. The spacious 4,500 sq ft convenience store offers a wide range of retail options. The Key Money amount is $350,000 for the initial lease term. Commission Agent ($0.05 per gallon) with an estimated 80,000 gallons per month. The lease is a five year term with renewal option, requiring additional key money upon renewal. Monthly rent is $20,000, with the landlord covering property taxes and 70% of credit card fees. Tenants cover utilities, personal property tax, 30% of credit card fees, and a $350 monthly terminal fee. A fuel and building security deposit of $35,000 is required. The landlord is responsible for maintaining the underground storage tanks, pumps and property, while the tenant is responsible for maintaining the interior of the building. Note: no alcohol sales permitted. Two additional newly constructed locations within a 10-mile radius also available for lease, supporting potential multi-store ventures. Close proximity to highways, shopping centers, and restaurants, with a daily traffic count of around 17,400 cars, site features high visibility and significant potential for attracting heavy foot traffic. Photos available early August.
Location
State CT
County New London
Zoning CN
Interior
Heating Other
Cooling Central Air
Exterior
Utilities Available Telephone, Cable
Roof Type Other
Building
Sewer Other
Water Other
Listed by Islam Ahmad • Regency Real Estate, LLC