Retail Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30285820
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Status: Pending
Building Size (RSF): 1,626 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Unit Price: $1,537 PSF
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/17/2018

Overview / Comments

Starbucks’ rent is $10,446.25 per month NNN.  They are about two years into a 5 year Option (after completing a 10 year Lease), which ends February 28, 2021. They then have one more 5 year Option at $11,386.25 per month, as well as two additional 5 year Options at "Fair Market Rent." Although their Lease reads "1,500 +/- sq ft," this was done for corporate requirement purposes, the actual square footage is approximately 1,600 sq ft.  

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Traffic/Vehicle Count: 22,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Total Parking Spaces: 12
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,242 81,114 214,255
Median Age: 43.9 39.41 38.61
Households: 3,330 30,482 80,177

Contact

Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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