For Lease

For Lease $87,500/Yr NNN

Property Type

Retail, Office

Building Size


Lot Location

Central CT, Northern CT


Brochure Mansfield-575 Middle Tpk-Brochure

Near UCONN Prime Retail Location Former gas station (1,953 SF) Zone: PB3 – Planned Business 0.8 Acre parcel sits in front of the Professional Park Rd Business offices. There is an existing empty building on the property. Potentially a perfect fit for any number of retail uses, with a double drive-thru. Zone: PB3 – Planned Business. At the new lighted intersection of Professional Park Road & new UCONN Technology Park which has 990,000 SF multi-story facility for R&D & meeting space.

  • Former Gas Station In Opportunity Zone Near UCONN
  • For Lease $87,500/Yr NNN
  • In Opportunity Zone 0.8 Acre Parcel Near Storrs Road (Route 195) and Near UCONN Campus
  • Former gas station (1,953 SF) Prime retail location Zone: PB3 – Planned Business
  • Taxes $5,444 with 188 Feet of Frontage Traffic Count: 14,600


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Lyman Guide

Ways to Financially Analyze a Commercial Real Estate Investment

Commercial real estate (CRE) is a numbers game

So, financial analysis is the foundation for making informed commercial real estate decisions

  • Helps you evaluate financial performance, investment return, property values
  • Helps you arrive at the value of a purchase, compare purchase options

Key measures

  • Net operating income (NOI)
    • NOI = gross income — operating expenses
    • Lenders use this to determine the maximum loan amount they’ll approve
  • Debt-service-coverage ratio (DSCR)
    • DSCR = NOI / annual debt service
    • Tells you the cash flow available to service the property’s debt
    • DSCR of 1.25 or higher normally adequate for a CRE investment
  • Capitalization rate (cap rate)
    • Cap rate = NOI / property’s market value
    • Used to determine the rate of return expected on an investment property
    • Can also calculate a property’s value based on a desired rate of return, using the following formula:
      • Property value = NOI / cap rate
    • Useful for comparing the relative values of alternative CRE investments
    • Higher cap rate generally indicates a higher return, but also, typically, a higher risk
  • Return on Investment (ROI)
    • REI = NOI / amount invested
    • The higher the ROI, the better the investment
  • Cash-on-cash return (CoC)
    • CoC = annual pretax cash flow / total cash invested
    • The higher the CoC return, the better the investment