588 Long Hill Road
Groton Connecticut

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.

Listing Courtesy of Regency Real Estate, LLC