Town Fair Tire & Advance Auto Parts - Naugatuck, CT — Sale in Naugatuck, CT
- Price: $5M
- Listing type: For sale
- Asset type: Retail Business
- Location: Naugatuck, CT
- Size: 20,457 SF
- Year built: 1997
Photos
Investment Figures
- Cap rate
- 6.65%
- Price per square foot
- $245
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
JLL presents a two-tenant NNN retail investment at 32 and 56 Rubber Avenue, Naugatuck, CT, occupied by Town Fair Tire and Advance Auto Parts, with 9.3 years WALT. Town Fair Tire holds a 10-year lease with two 5-year options (10% increases each renewal); Advance Auto Parts is in its third renewal, having committed to a fourth 10-year term with contractual increases. Both tenants are strong national credits: Advance Auto Parts (4,300+ stores, S&P BB) and Town Fair Tire, backed by Mavis Tire (2,300+ locations, $4.6B projected revenue, S&P B-). The trade area has ~41,000 residents and ~$120K average household income within three miles. It's adjacent to the upcoming Naugatuck train station (2027), part of a transit-oriented redevelopment adding 180 mixed-income units and 7,000+ SF of retail.
Market Context
This retail in Naugatuck, CT is listed for sale at $5,010,000 across 20,457 SF. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1997. Compare it against other retail listings for sale in Naugatuck, CT — view the full market.
Contact
- Alex Geanakos · 2122094506 · alex.geanakos@jll.com
Explore this market
Similar Retail Business for Sale in Connecticut
- Dollar General — Contact for price · Manchester, CT
- Fairfield County Bank — Contact for price · Stamford, CT
- Downtown Bethel Redevelopment & Adaptive Reuse Opportunity with Short-Term Income in Place — Contact for price · Bethel, CT
- The Shoppes at Larson Farm — $125K · Bristol, CT
- Tractor Supply Co. — Contact for price · Farmington, CT
- Connecticut Retail - $1.03M NOI on Boston Post Road — Contact for price · Milford, CT