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10 Hemingway Ave 11,180 SF of Retail Space Available in East Haven, CT 06512
HIGHLIGHTS
- 11,240 SF Retail Building with Drive-thru
- 53 Parking Spaces, 4.72/1,000
- Current ADT: 21,300
- Former Rite-Aid on 1.28 Acres
- Located at 4-Way Intersection with Traffic Light
- Close Proximity to Tweed Airport's proposed new entrance for added traffic flow!
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,180 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $167,700 /YR $13,975 /MO | Triple Net (NNN) |
1st Floor
O,R&L Commercial is pleased to present an 11,240 SF Retail building with existing drive-thru (former RiteAid) available for Lease or Sale located at 10 Hemingway Drive in East Haven, CT. The property has the strategic advantage of being located at the 4-way signalized intersection of Short Beach Road (Route 142) and Coe Ave, and is in close proximity to the new proposed entrance to Tweed Airport on Proto Drive. The location boasts an average daily traffic count (ADT) currently of 21,300 vehicles per day and the new entrance to the airport will dramatically increase passenger flow by this asset. With a drive-thru in place, this building is ideal for pharmacy, grocery, bank, medical or other various commercial uses with ample parking including 53 spaces. This property is ideal for investors seeking an opportunity to have a long-term tenant or owner occupiers building brand visibility in a rapidly evolving commercial corridor. Sale Price: $2,350,000 | Lease Rate: $15/SF NNN
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Drive Thru
- 11,240 SF Retail Building with Drive-thru
- Former Rite-Aid on 1.28 Acres
- 53 Parking Spaces, 4.72/1,000
- Located at 4-Way Intersection With Traffic Light
- Current ADT: 21,300 SF ADT | Route 142
- Close Proximity to Proposed New Entrance to Tweed
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 10 HEMINGWAY AVE, EAST HAVEN, CT 06512
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Rite Aid
- Drug Store
- -
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Rite Aid | Drug Store | - | National |
PROPERTY FACTS
| Total Space Available | 11,180 SF | Gross Leasable Area | 11,180 SF |
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Drug Store | Parking Ratio | 4.72/1,000 SF |
| Total Space Available | 11,180 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 11,180 SF |
| Year Built | 1998 |
| Parking Ratio | 4.72/1,000 SF |
ABOUT THE PROPERTY
O,R&L Commercial is pleased to present an 11,240 SF Retail building with existing drive-thru (former RiteAid) available for Lease or Sale located at 10 Hemingway Drive in East Haven, CT. The property has the strategic advantage of being located at the 4-way signalized intersection of Short Beach Road (Route 142) and Coe Ave, and is in close proximity to the new proposed entrance to Tweed Airport on Proto Drive. The location boasts an average daily traffic count (ADT) currently of 21,300 vehicles per day and the new entrance to the airport will dramatically increase passenger flow by this asset. With a drive-thru in place, this building is ideal for pharmacy, grocery, bank, medical or other various commercial uses with ample parking including 53 spaces. This property is ideal for investors seeking an opportunity to have a long-term tenant or owner occupiers building brand visibility in a rapidly evolving commercial corridor. Sale Price: $2,350,000 | Lease Rate: $15/SF NNN
NEARBY MAJOR RETAILERS
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10 Hemingway Ave
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