conlet plastics, inc. sale/leaseback · 2017. 6. 8. · property information / demographics 1 mile...

CONLET PLASTICS, INC.SALE/LEASEBACK

193 Pickett District Road – New Milford, Connecticut 06776

Todd E. Payne, SIOR 7 Old Sherman Turnpike, Suite 207President Danbury, CT 06810(203) 456.3223 [email protected] www.goodfellows.com

- FOR SALE : $931,200.00 -

Garett PalmerCommercial Broker(914) [email protected]

PROPERTY INFORMATION / Executive Summary

PROPERTY OVERVIEWGoodfellow Real Estate is pleased to present a rare sale/leaseback opportunity in New Milford, CT. Conlet Plastics has been in business for over 40 years in the thermoforming industry specializing in plastic cover and plastic housings. They’ve had strong relationships with clients such as Pitney Bowes, The Hertz corporation, Webber Aircraft, Rodenstock USA INC, Exxon Office Systems Company and AT&T Bell Laboratories. This unique opportunity allows any potential buyer to purchase a building with a tenant in place that has strong roots in the local community. Conlet Plastics built 193 Pickett District Road from ground up in 1998 and has been operating their business at this location ever since. With their past experience and promising future, Conlet Plastic is willing to secure a ten year lease with a potential option term.

The attractive lease rate of $6.00 NNN with 2% annual increases will yield an cap rate of 7.5% with total rents collected over the initial ten year term to be around $700,000 with year ten’s internal rate of return being close to 9%.

Seller financing available.

Additional financial information available upon request.

OFFERING SUMMARYSale Price: $931,200.00

Price / SF:$80.00

Term:10 Years with 2% ann. increases.

Cap Rate: 7.5%

NOI:$69,840

Building Size:11,640 SF

Year Built: 1998

Zoning:R1

Utilities:City water, septic & gas

CONLET PLASTICS, INC., SALE/LEASEBACK193 Pickett District Road – New Milford, Connecticut 06776

PROPERTY INFORMATION / Property Details


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Conlet Plastics, Inc.

193 Pickett District Road – New Milford, CT 06776

Industrial

$80.00

2.58 AC

B

R1

No

12

453’

1998

Pre-engineered Metal Building

Concrete

18’ in shop/warehouse space

800 amp 3 phase

Metal

1,800 SF office space air conditioned

1 Drive up 1 Loading dock

PROPERTY INFORMATION / Location Map

LOCATION OVERVIEWLocated on Pickett District Road in New Milford, CT. Prime corporate and industrial location. Neighboring companies include: KIMBERLY CLARK, CHEMICAL MARKETING CONCEPTS, NEELTRAN INC. Easy access to Route 7 and I-84.


PROPERTY INFORMATION / About Conlet Plastics, Inc.


ABOUT:Conlet Plastics, Inc., has over forty (40) years of combined experience with plastic thermoforming & molding. Conlet's product range includes heavy gauge forming, plastic covers, plastic housings, CNC routing, CNC milling, die cutting, in-house tooling, prototypes and long and short product runs.

Since their founding over forty (40) years ago, Conlet has continued to find ways in which technology and services are able to help individuals and companies address their problems and challenges -- and realize new possibilities, aspirations and dreams. They apply new thinking and ideas to create more simple, valuable and trusted experiences with technology, continuously improving the way their customers live and work.

Their goal is to understand your business needs and implement technology consulting, education and procurement.

Conlet Plastics, Inc., has been working together with small businesses in and around the New Milford area, providing them with premier services for over forty (40) years. Conlet Plastics, Inc., is located in New Milford, CT.

CONLET’S CLIENTS:SEALED AIR, KIMBERLY CLARK CORP., LORAD, THE DANNON COMPANY, CANNONDALE, KIMCHUCK, INC.

PROPERTY INFORMATION / Additional Photos


PROPERTY INFORMATION / Demographics

1 MILE 5 MILES 10 MILES

Total population 1,652 36,202 139,790

Median age 39.5 41.6 41.3

Median age (male) 39.0 41.4 40.5

Median age (female) 40.5 41.8 41.9

Total households 697 14,026 51,338

Total persons per hh 2.4 2.6 2.7

Average hh income $84,414 $105,716 $107,873

Average house value $321,328 $423,961 $436,702

Total population - White 1,416 32,866 123,290

% White 85.7% 90.8% 88.2%

Total population - Black 56 905 4,321

% Black 3.4% 2.5% 3.1%

Total population - Asian 49 1,030 5,649

% Asian 3.0% 2.8% 4.0%

Total population - Hawaiian 0 0 13

% Hawaiian 0.0% 0.0% 0.0%

Total population - Indian 1 12 232

% Indian 0.1% 0.0% 0.2%

Total population - Other 65 765 3,934

% Other 3.9% 2.1% 2.8%

Total population - Hispanic 144 1,834 10,671

% Hispanic 8.7% 5.1% 7.6%


conlet plastics, inc. sale/leaseback · 2017. 6. 8. · property information / demographics 1 mile...

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