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15 N Main St

4,440 SF 44% Leased Retail Building Marlborough, CT 06447 $1,133,794 CAD ($255 CAD/SF) 7.22% Cap Rate

Investment Highlights

  • Main Road with heavy traffic
  • Newer building -only eight years old
  • Clear view from the Road

Executive Summary

FULLY OCCUPIED ! stable tenants with long term leases. (Please call for current tenants' detail information ). Only 8 years old Building and built to last. Located at Marlborough downtown, next to a gas station and Big Y. City water & city sewer. Requires very little maintenance. Investment with no headaches, just collect rent.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $105,460 $23.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $105,460 $23.75
Taxes $19,469 $4.38
Operating Expenses $8,505 $1.92
Total Expenses $27,974 $6.30
Net Operating Income $77,486 $17.45

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $105,460
Annual Per SF $23.75
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $105,460
Annual Per SF $23.75
Taxes (CAD)
Annual $19,469
Annual Per SF $4.38
Operating Expenses (CAD)
Annual $8,505
Annual Per SF $1.92
Total Expenses (CAD)
Annual $27,974
Annual Per SF $6.30
Net Operating Income (CAD)
Annual $77,486
Annual Per SF $17.45

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,440 SF
Building Class
B
Year Built
2016
Price
$1,133,794 CAD
Price Per SF
$255 CAD
Cap Rate
7.22%
NOI
$81,856 CAD
Percent Leased
44%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Land Acres
0.76 AC
Zoning
RCN - General Commercial
Parking
17 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
6 ft on N. Main Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MARL-000006-000026-000068-000002
Land Assessment
$113,050 CAD (2024)
Improvements Assessment
$438,534 CAD (2024)
Total Assessment
$551,584 CAD (2024)
Annual Taxes
$19,469 CAD ($4.38 CAD/SF)
Tax Year
2023
  • Listing ID: 31142824

  • Date on Market: 2024-03-06

  • Last Updated:

  • Address: 15 N Main St, Marlborough, CT 06447

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