ORANGE MEADOWS OUTPARCEL 550 Boston Post Rd

550 Boston Post Rd , Orange, Connecticut, 06477 | 6,481 sq.f

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About This Restaurant

Investment Highlights

STRATEGIC HIGH-BARRIER TO ENTRY LOCATION ? Situated on a high-traffic corridor and positioned at the front of a busy Trader Joe?s shopping center FIRST-TIME OFFERING WITH NEW CONSTRUCTION ? Newly-restored building featuring a complete down-to-the-studs renovation with modern fit-outs TRIPLE NET LEASES (NNN) ? Secure income stream with all three tenants responsible for their proportionate share of property taxes, insurance FAVORABLE EXPENSE REIMBURSEMENT AGREEMENT ? The property benefits from an REA with a surplus amount of parking.

Executive Summary

Broker of RecordKyle MatthewsLicense No. REB.0790986 CT)(866) 889-0550Matthews Real Estate Investment Services, Inc1600 West End,Ste. 1500 Nashville, TN 37203Matthews Real Estate Investment Services? is pleased to exclusively present for sale the Orange Meadows Outparcel. The Orange Meadows Outparcel is a three-tenant building fully occupied by QSR tenants Mission BBQ, Jimmy John?s, and Haven Hot Chicken. The Property is located in an ideal location with high visibility on Boston Post Road (22,000 VPD) in Orange, CT, and is an outparcel to the shopping center owned by Regency Centers, Orange Meadows, which is anchored by national retailers, Trader Joe?s, TJ Maxx, Ulta, and Bob?s Discount Furniture.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    6,481
  • Building Class    C
  • Year Built    1973
  • NOI    273,791
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    1.75 AC

Amenities

  • Pylon Sign
  • Signalized Intersection

Nearby Amenities & Transportation

Retail WW
Retail Anytime Fitness
Retail Trader Joe's
Retail Mission BBQ
Retail Starbucks
Retail Applebee's
Retail IHOP
Retail Chase Bank
Retail Five Guys
Retail Bank of America

Property Taxes

Parcel Number ORAN-000006-000001-000004 Improvements Assessment $525,000
Land Assessment $586,800 Total Assessment $1,111,800
Date Created: 2024-07-16 04:09:27 Last Updated: 2024-07-16 04:09:27
Address: 550 Boston Post Rd , Orange, Connecticut, 06477