Stop & Shop Gas Station Trades for $2M via H&T in Bristol CT

Bristol — Matt Nadler and Zach Smith of Horvath & Tremblay completed the sale of a Stop & Shop Gas Station in Bristol, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,000,000.

The Stop & Shop Gas Station is located at 701 Farmington Avenue in Bristol, Connecticut. The Property is situated on a 0.39-acre parcel with 10 fueling stations. Stop & Shop has operated a gas station at this location since its construction in 2009 on a 20-year Absolute NNN Lease. There are over 3 years of term remaining, followed by eight (8), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option.

The gas station is prominently located along Farmington Avenue (CT Route 6), one of Bristol’s primary commercial and commuter corridors. It is highly visible on Farmington Avenue with ample frontage and multiple access points. Situated adjacent to the Stop & Shop supermarket, the gas station benefits from the steady flow of grocery shoppers and daily commuters. Farmington Avenue offers an extensive array of national retailers as well as various dining establishments and service-oriented businesses, all contributing to consistent consumer traffic throughout the day.

Horvath & Tremblay specializes in the sale of single-tenant net-lease assets and retail shopping centers. Headquartered in Lynnfield, MA, they have successful national experience structuring sale-lease-back programs, portfolio dispositions, and 1031 exchanges.