About This Restaurant
Investment Highlights
Retail Plaza with 3 Buildings Signage: Pylon / On-Building Excellent Visibility 6.00 Acres in B-2 Zone Traffic: 13,100 ADT Route 9, Exit 21
Executive Summary
O,R&L Commercial is pleased to present a 79,813 SF Retail Plaza with 3 Buildings for Sale at 635-655 South Main Street in Middletown, CT. This is a fully leased shopping plaza with State of CT, Denny's, and 24 Hour Fitness Club. Building 1 is 68,813 SF with a 6,525 SF mezzanine. Building 2 is a 6,000 SF retail/bank with drive-thru. Building 3 is a 5,000 SF Denny's Restaurant. The property is situated on 6 acres in the B-2 zone with ample parking, pylon / on-building signage, excellent visibility, and a traffic count of 13,100 ADT.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 22,000
- Building Class C
- Year Built 1969
- Price 3,900,000
- Price Per SF 177
- Cap Rate 8.20
- NOI 319,800
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 5.07 AC
| Date Created: | 2024-07-16 04:09:27 | Last Updated: | 2024-07-16 04:09:27 |
| Address: | 635-655 S Main Street , Middletown, Connecticut, | ||