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Smithland Supply/Agway Pet & Garden Center 147 Meriden Rd 16,508 SF of Retail Space Available in Middlefield, CT 06455
HIGHLIGHTS
- Excellent visibility on Meriden Road, a well-traveled thoroughfare in Middlefield/Middletown, ensuring a steady flow of potential customers.
- The area boasts a median household income of $114,179, indicating strong purchasing power among residents.
- Strategically positioned to serve neighboring towns including Middletown, Meriden, Durham, and Wallingford, expanding the potential customer base.
- Just approximately a 5-minute drive (2.3 miles) to Interstate 91, facilitating seamless connectivity to the broader region
- The property is in close proximity to well-known retailers and services, enhancing its appeal to potential tenants and customers.
- Possible lease to purchase option
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 16,508 SF | 10 Years | $15.20 /SF/YR $1.27 /SF/MO $250,922 /YR $20,910 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Central Air Conditioning
- Drop Ceilings
- Secure Storage
- Yard
- 10,958 SF Sale Area with 5,108 SF Warehouse
- 1,712 SF Greenhouse
- 3,500 SF Detached Warehouse/Shed
- 36 on-site parking spaces
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.
PROPERTY FACTS
| Total Space Available | 16,508 SF | Gross Leasable Area | 16,508 SF |
| Property Type | Retail | Year Built | 1963 |
| Property Subtype | Garden Center | Parking Ratio | 2.18/1,000 SF |
| Total Space Available | 16,508 SF |
| Property Type | Retail |
| Property Subtype | Garden Center |
| Gross Leasable Area | 16,508 SF |
| Year Built | 1963 |
| Parking Ratio | 2.18/1,000 SF |
ABOUT THE PROPERTY
Now available for sale or lease, the former Smithland Supply/Agway Pet & Garden Center at 147 Meriden Road offers a prime opportunity on the Middlefield/Middletown town-line. Situated on 2.69 acres, the property features a 16,508 SF main building complemented by a 1,712 SF greenhouse, totaling 18,220 SF of versatile space suitable for various commercial uses, including retail, medical, or service-oriented businesses. This well-located property offers a rare chance for businesses to establish a presence in one of Connecticut’s desirable and well-connected retail markets. Its size, flexibility, and exceptional surrounding demographics make it an outstanding fit for retail redevelopment, service use, or destination retail. PROPERTY DETAILS | For Sale or Lease Building Size: 16,508 SF Greenhouse Size: 1,712 SF Total Size (GLA): 18,220 SF Lot Size: 2.69 Acres Year Built: 1963 Zoning: DD1 Parking: 36 Spaces Use Type: Retail, medical, nursery or restaurant SALE/LEASE DETAILS Taxes: $18,076.68 (annually) Sale Price: $3,000,000 Lease Rate: $250,000 Lease Type: NNN (Triple Net)
- Fenced Lot
- Pylon Sign
- Signage
- Skylights
- Storage Space
- Air Conditioning
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Smithland Supply/Agway Pet & Garden Center | 147 Meriden Rd
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