1040 N Colony Rd | Wallingford, CT 06492
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1040 N Colony Rd
Wallingford, CT 06492
IHOP & People's United Bank Kiosk · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Ground Leases - Minimal LL Responsibilities.
- Rental Growth - Increases Every 5 Years.
- 112,702 Residents Within 5 Miles - Average HHI of $94,012.
- Remaining Lease Term - IHOP (8 Years); People's (5.9 Years).
- Located in Major Retail Corridor - Right Off State Hwy 15.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,813 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.23 AC
Zoning
RF40
Parking
93 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
150’ on N Colony Rd.
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | WALL-000037-000000-000027 | Improvements Assessment | $577,900 |
| Land Assessment | $1,111,700 | Total Assessment | $1,689,600 |
PROPERTY TAXES
Parcel Number
WALL-000037-000000-000027
Land Assessment
$1,111,700
Improvements Assessment
$577,900
Total Assessment
$1,689,600
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