|
$23,876 NOI |
$-20,227 NCF |
0.54 DSCR |
3% Cap |
-7% ROI |
3 Retail Storefronts in Downtown
156 Main Street, Deep River, CT
Retail. $147 psf
$800,000
|
$23,876 NOI |
$-20,227 NCF |
0.54 DSCR |
3% Cap |
-7% ROI |
| % Proforma : % Proforma :
43%
|
Parking :
On Street
|
| Property Type : Type :
Retail
|
Heating :
Oil
|
| Buildings :
1
|
Hot Water :
Natural Gas
|
| Parcel(s) :
1
|
Sewer :
Public
|
| Year Built :
1924
|
Water :
Public
|
| Occupancy : Occ. :
100%
|
Trash :
Owner Paid
|
| Sqft:
5460 sqft
|
Utility Split :
Tenant Paid
|
| Lot Size :
8712 acres
|
Sprinklers :
No
|
- Lease-up add value
- Quaint downtown location
- Updated Capex items
This is a rare opportunity to acquire a fully stabilized retail asset in Downtown Deep River. Additional income generation is possible by monetizing 800sqft of unrented commercial space. Inside the past 5 years the owner has replaced the entire roof, upgraded the electrical service and replaced all of the furnaces. Upon leasing up the existing units along with the 800sqft space in the rear of the building, this property will appraise north of $1.2M. What this means for a potential buyer, is that through an all cash or bridge acquisition, they will be able to pull out 100% of their investment upon refinancing during the 12-24 month lease up period. The income analysis, location, walkability, and quintessential New England charm of downtown Deep River are all important considerations for buyers seeking a dream location for their small business. For non owner-operator investors the deal will provide stable returns and ease of management.
