Mobil Gas & Convenience – Brand New Single-Tenant Absolute NNN Retail Investment

101 Stonebridge Court, Cheshire, CT 06410
Price $2,181,818
Cap Rate 5.50%
NOI $120,000

For More Information

Spencer O’Donnell
714-400-6267

Property Description

INVESTMENT HIGHLIGHTS

  • 25-Year Absolute NNN Ground Lease – Mobil Gas & Convenience – Brand New 2024 Construction –  Interstate Location

  • Trophy Location – Interstate 691 (74,600 Cars Per Day) and Highland Ave (19,300 Cars Per Day) – High Income Area (HHI of $117K)

  • True Coupon Clipper Investment – Long-Term Lease –  Benefits from Nearby Busy I-84/I-691 Interchange

  • Main Traffic Corridor Interstate On-Ramp – Personal Guarantor on Lease – Stable, Strong Cash Flow from a National Brand

  • Strong Fixed Rental Escalations Every 5 Years and Throughout Options – Effective Inflation Hedge

  • Mobil – Subsidiary of ExxonMobil (NYSE: MOB) – Premier Gas Station Chain since 1911)

  • Cheshire, CT – Strategically Located – Steady Population Growth – Accessible to New Haven, Hartford, Stamford

  • Incredible Demographics – 585,602 Population within 15-Min Drive – 2.5 Acre Site

  • Pride of Ownership – Delivered Free & Clear of Debt – Long-Term Rental Growth

 

DEVELOPMENT OVERVIEW

Shops At Stone Bridge Overview

Situated in the Shops at Stone Bridge development, this Mobil benefits not only from the strong demographics of the greater Cheshire area but also the regional traffic that will be generated by the 107-acre development on which it sits. The Shops at Stone Bridge, set to be complete by the end of 2025, will feature national retail tenants including Whole Foods Market, TJ Maxx, Starbucks, Chipotle, Barnes & Noble, and multiple high-end restaurants. Additionally, 140 townhomes and 300 units of multifamily housing are nearing completion, and a hotel is approved adjacent to the Mobil, making this a exceptionally high-traffic filling station.

Area Demographics

Radius
Population 2024
Median HH Income
Average HH Income
3 miles
31,163
$130,961
$172,534
5 miles
102,572
$109,565
$146,467
7 miles
207,402
$99,871
$131,059