MLS® ID: 99174749

1 Tooley Lane

Danbury, Connecticut, 06810

$1,295,000 Active
  • 1960 SQFT
Property is a great investment property for long-term investor or a 1031 Exchange. Hertz Corp. as Tenant has leased this property for 30+ years and extended lease for an additional 10+ years through 9/30/27. Adjoins I-84 exit 5 at North Main St. Danbury, CT. 1.06 Acres in the valuable multi-use CG-20 zone. Upgraded with new interior fit-out and parking lot refurbishment. Hertz Corp. plans continued building improvements during the next year. The building is 1,960sf and includes customer front sales/rental counter space, admin offices, toilet rooms and the car prep area. Lease is a 10+ yr NNN lease with minimal landlord expenses. Lease Base rent is increased 3% annually producing a NOI of $66,744 resulting in a Cap rate of 5.2% in 2017.
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Listing courtesy of Advantage Realty, Inc.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    06810
  • Office name
    Advantage Realty, Inc.
  • SQFT
    1960
  • Bedrooms
    0
  • Property type
    Commercial For Sale
  • Zoning type
    CG20
  • Year built
    1972
  • Lot size
    1.0000
  • Heating
    Hot Water
  • Tax year
    0
  • Agent name
    Michael Struna
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    1500-2000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    B4470
  • Agent ID
    B4573

Location

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