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1300 S Main St
Meriden, CT 06451 Meriden/Wallingford

$5,112,256 USD

Auto Repair For Sale  •  12,424 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 12,424 SF
  • Lot Size 4.09 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 6.25 %
  • Tenancy Single
0 Transit Score
10 Walk Score

Highlights

Absolute NNN Lease, zero landlord responsibilities
Brand new 2025 construction
Regular 10% rent increases every 5 years hedge against inflation
Strong corporate guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
E-commerce and recession resistant industry, as long as there are cars on the road, there will be a need for body work
Rare Connecticut investment, part of the densely populated New Haven-Hartford-Waterbury MSA, with 120,000 people living within 5 miles of the site

Property Flyers

Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Caliber Collision 14,424 SF 7/1/2040

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Meriden (Amtrak Hartford Line - Hartford Line, Hartford Line - Hartford Line, Northeast Regional - Hartford Line, Valley Flyer - Hartford Line, Vermonter - Hartford Line) 7 min - 4.1 mi
Wallingford Amtrak (Amtrak Hartford Line - Amtrak, Hartford Line - Amtrak, Northeast Regional - Amtrak, Valley Flyer - Amtrak) 11 min - 7.0 mi
AirportDriveWalkDistance
Tweed/New Haven 35 min - 22.4 mi
Bradley International 62 min - 39.6 mi
Lior Regenstreif 818-907-9525 NNN Investment Group of Marcus & Millichap
Lior Regenstreif 818-907-9525 NNN Investment Group of Marcus & Millichap