SALE | 61,120 SF RETAIL CENTER 

50 Boston Post Road, Orange, Connecticut 06477

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Property Description

FOR SALE | 61,120 SF RETAIL CENTER    

INVESTMENT OPPORTUNITY: O,R&L Commercial and KBC Advisors have been exclusively retained to offer for Sale 50 Boston Post Road in Orange, Connecticut. This asset provides investors with the opportunity to acquire a 65,000+/- square foot net-lease retail property located on a freestanding outparcel with over 500′ of frontage on the Boston Post Road / Route 1. The property is 100% leased by two tenants on a triple-net basis: Edge Fitness, a regional fitness club and Guitar Center, a national musical instrument retailer. The location of the asset is strategically situated on the Boston Post Road / Route 1–southern Connecticut’s major retail corridor (ADT: 20,838) and is a short distance to Interstate 95 providing great accessibility from all directions of travel. In addition, the property has excellent visibility from Route 1 and ample parking to accommodate its tenants’ clientele. NNN Sale | 7.73 Cap Rate | Sale Price: $11,000,000

Building Information
Property Type : Investment
Additional Property Types : Retail
Listing Type : For Sale
Listing ID : 1114
Price : $11,000,000
Cap Rate : 7.73%
Gross Building Area : 61,120 Sqft
Available Area : 61,120 Sqft
Occupancy Level : Fully Leased
Occupied % : 100%
Number of Floors : 1
Loading Docks : 3
Construction : Masonry
Year Built : 1998
Tenants : Edge Fitness, a regional fitness club and Guitar C
Status : Active
Last Updated : 04/29/2024
Address Map
City : Orange
State : CT
Zipcode : 06477
Country : US
Street Number : 50
Street : Boston Post Road
Longitude : W73° 1′ 0.7”
Latitude : N41° 16′ 40”
Site Information
Site Area : 7.51 Acre
Zoning : C-1
Parking Spaces : 311
Parking Ratio : 5.09/1000
Parking Type : Uncovered
Signage : On-Building
Visibility : Excellent
Frontage : 631′
Highway Access : I-95, Exit 42
Traffic Count : 20,838 ADT
Directions : I-95, Exit 42. Left onto Bull Hill Ln. Right onto Boston Post Rd (Route 1). Property is on the right.
Mechanical Equipment
Air Conditioning : Central Air
Type of Heat : Gas, Warm Air
Sprinklered : 100% Wet
Utilities
Sewer : Public
Water : Public
Gas : Yes
Taxes
Assessment : $3,780,000
Mill Rate : 31
Taxes : $117,180
Investment For Sale
  • Listing ID : 1114
  • Available Area : 61,120 Sqft
$11,000,000
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