423 Williams Street

New London, CT 06320 Directions
$15,000/mo
  • 2,800Sqft
  • 0.6Acres
  • 2024Built
  • $5Price/Sqft

Property Highlights

  • Days on Market: 191
  • MLS: 24029984

Property Highlights

  • Days on Market: 191
  • MLS: 24029984

Explore a unique leasing opportunity at a newly built Shell branded gas station and convenience store in New London County, CT. This state-of-the-art facility features 4 pumps (8 fueling dispensers, including diesel). The spacious 2, 800 sq ft convenience store offers a wide range of retail options. The Key Money amount is $300, 000 for the initial lease term. Commission Agent ($0.05 per gallon) prior to new build, site was previously and established gas station/c-store (estimated 60, 000 gallons per month.) The lease is a five year term with renewal option, requiring additional key money upon renewal. Monthly rent is $15, 000, with the landlord...

Property Highlights

  • Days on Market: 191
  • MLS: 24029984

Explore a unique leasing opportunity at a newly built Shell branded gas station and convenience store in New London County, CT. This state-of-the-art facility features 4 pumps (8 fueling dispensers, including diesel). The spacious 2, 800 sq ft convenience store offers a wide range of retail options. The Key Money amount is $300, 000 for the initial lease term. Commission Agent ($0.05 per gallon) prior to new build, site was previously and established gas station/c-store (estimated 60, 000 gallons per month.) The lease is a five year term with renewal option, requiring additional key money upon renewal. Monthly rent is $15, 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 8, 200 cars. Photos available early August.

Explore a unique leasing opportunity at a newly built Shell branded gas station and convenience store in New London County, CT. This state-of-the-art facility features 4 pumps (8 fueling dispensers, including diesel). The spacious 2, 800 sq ft convenience store offers a wide range of retail options. The Key Money amount is $300, 000 for the initial lease term. Commission Agent ($0.05 per gallon) prior to new build, site was previously and established gas station/c-store (estimated 60, 000 gallons per month.) The lease is a five year term with renewal option, requiring additional key money upon renewal. Monthly rent is $15, 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 8, 200 cars. Photos available early August.

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  • Additional Information
    • Acres: 0.6
    • Area Type: Other
    • Is Occupied?: Owner
    • Lease Price Description: Per Month
    • Living Area SqFt: 2,800
    • Present Use: Gas Station and Convenience Store
    • Road Frontage Description: Municipal Street
    • Sewer: Other
    • Unit Count: 1
    • Utilities Available: Telephone, Cable
    • Year Built: 2024
    • Zoning: NB
  • Interior Features
    • Air Conditioning: Central Air
    • Cooling: Central Air
    • Furnace Type: Other
    • Heat: Other
    • Heat Fuel: Other
    • Living SqFt Source: Approximate
  • Exterior Features
    • Roof: Other

Listing Courtesy of Islam Ahmad of Regency Real Estate, Llc.

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