$ 10,000
118 Boston Post Road Waterford, CT 06385
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 10,000
Active
118 Boston Post Road Waterford, CT 06385
1,600 SqFt
UPDATED:
08/16/2024 12:59 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 1,600 sqft
MLS Listing ID 24029988
Year Built 2024
Lot Size 0.350 Acres
Property Description
Explore a unique leasing opportunity at a newly built Citgo branded gas station and convenience store in New London County, CT. This state-of-the-art facility features 3 pumps (6 fueling dispensers, including diesel). The 1,600 sq ft convenience store offers a wide range of retail options. The Key Money amount is $200,000 for the initial lease term. Commission Agent ($0.05 per gallon) prior to new build, site was previously and established gas station/c-store (estimated 30,000 gallons per month.) The lease is a five year term with renewal option, requiring additional key money upon renewal. Monthly rent is $10,000, 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 11,700 cars. Photos available early August.
Location
State CT
County New London
Zoning C-G
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Telephone, Cable
Roof Type Other
Building
Sewer Other
Water Other
Listed by Islam Ahmad • Regency Real Estate, LLC