Matthews Logo

Navigation Menu

975 Dixwell Ave, Hamden, CT, 06514

AutoZone
$2,310,915

Key Information

Cap Rate
5.9%
$ per SF
$313
Tot. SF
7,370
Year Built
2006
Term Remaining
±11 Yrs
Type
Retail

Highlights

  • Recent Lease Extension: AutoZone recently signed a 10-year lease extension, extending the term to March 2037.
  • Attractive Rent Increase Schedule: The lease extension includes a 5% increase starting on March 1, 2027, followed by 8% increases in March 2032 and during each of the seven 5-year option periods.
  • Dense Population: Hamden and the greater New Haven, Connecticut market feature strong demographics, including a population of approximately 250,000 within a 5-mile radius.
  • Excellent Visibility: AutoZone is ideally positioned along Dixwell Avenue (a major thoroughfare) with visibility to over 25,000 vehicles daily.
  • Automotive Synergy: AutoZone benefits greatly through its AutoZonePro business and commercial accounts, supported by approximately 20 auto service-related businesses (including repair shops, tire centers, and body shops) within a 2-mile radius.
  • Proximity to Yale University: Located just 1.8 miles from Yale University, a world-renowned Ivy League institution in neighboring New Haven. Yale’s 15,564 students and status as the region’s largest employer drive consistent local traffic and economic activity.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # REB.0790986 (CT)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203