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588 Long Hill Road

Groton, CT 06340
  • $20,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 24029982
UPDATED: 156 min ago
$20,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial-Lease
Built:
2024
County:
Area:

School Ratings & Info

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. Don't miss this chance to lease a modern gas station in a prime Connecticut location. Everything will be ready by October 2024, including fixtures, counters, a walk in cooler and coffee equipment. Food-service build-out is also an option. **Agents** For serious inquires, buyers must have an NDA filled with the listing agent before the address can be disclosed.



The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-07-12T21:10:56.487.
www.nextlvlteam.com/homes/152265263
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588 Long Hill Road Groton, CT 06340

  • Price: $20,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 156 min ago
  • MLS #: 24029982
0
Beds
0
Baths
0
½ Baths
0.95
Acres
2024
Built
County:
New London
Area:
Groton
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. Don't miss this chance to lease a modern gas station in a prime Connecticut location. Everything will be ready by October 2024, including fixtures, counters, a walk in cooler and coffee equipment. Food-service build-out is also an option. **Agents** For serious inquires, buyers must have an NDA filled with the listing agent before the address can be disclosed.
Exterior Features

Road Frontage Description Municipal Street Roof Information Other

Interior Features

Cooling System Central Air Heat Type Other Sq Ft Total 4500

Property Features

Agent Owner YN No Landlord Requirements Credit CheckReferences RequiredSecurity DepositLease RequiredLease RestrictionsOther Landlord Responibility Real Estate Taxes Lease Duration Five Years Location Other Present Use Gas Station with Convenience Store Sewage System Other Tenant Responsibility All UtilitiesCommon Area MaintenanceCredit CheckInsuranceSnow Removal Utilities Available TelephoneCable Water Source Other Zoning CN

Listing information © 2024 Smart MLS
Listing provided courtesy of Islam Ahmad of Regency Real Estate, LLC: (860) 945-9868.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-07-12T21:10:56.487.
 
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212 Route 32
Uncasville CT, 06382