588 Long Hill Road Active

Groton,CT 06340

$ 20000

- Bed

- Bath

4500 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Rent

Square Footage 4,500 sqft

MLS Listing ID 24029982

Year Built 2024

Lot Size 0.950 Acres

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.

Location

State CT

County New London

Zoning CN

Interior

Heating Other

Cooling Central Air

Exterior

Utilities Available Telephone,Cable

Roof Type Other

Building

Sewer Other

Water Other

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