
For Sale | $11,000,000
FOR SALE | 61,120 SF RETAIL CENTER
J. Richard Lee
O: (203) 643-1006
C: (203) 530-6809
[email protected]
Toby Brimberg
O: (203) 643-1116
C: (203) 640-5575
[email protected]
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Highlights
- Investment Property for For Sale
- 61,120± SF Retail Center
- 7.73% Cap Rate
- 100% Leased - Long-term Leases in place
- High Visibility with over 500' of Frontage on Route 1
- Close proximity to other national tenants in an ideal retail corridor
Property Description
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