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- LoopNet Team
196 Crown St
New Haven, CT 06510
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Crown Street is the popular restaurant and entertainment district of New Haven. The site is one half block from the Omni Hotel, and near the Shubert.
EXECUTIVE SUMMARY
These retail units are directly adjacent to the new Listing: Portfolio Development Assembly Offering at 204-216 Crown Street and described there. The Retail Units are leased to restaurants. Unit #1: CAP RATE: 5.24, Rent: $4500. Monthly CAM* Charges $1318. Monthly TAXES: $1322. Unit #2: CAP RATE: 5.14, Rent: $9213. Monthly CAM* Charges $1615. Monthly TAXES: $1830. *CAM fees include trash, maintenance to the grounds, building insurance, basement storage Unit #1: tenant: Noodle Shack. The three (3) year lease started on the Buildout Date/ May 2019, with an option to renew for up to two (2) additional periods of five (5) years. Unit #2 has a new Upscale Restaurant Tenant opening in January 2021. The five-year lease started at Build-out Date/December 31, 2019, with an option to renew or up to three (3) additional periods of five (5) years.
PROPERTY FACTS
| Property Type | Retail | No. Stories | 1 |
| Property Subtype | Year Built | 1906 | |
| Building Class | C | APN / Parcel ID | |
| Gross Leasable Area | 8,953 SF | ||
| Zoning | BD - BD FAR 6.0 | ||
| Property Type | Retail |
| Property Subtype | |
| Building Class | C |
| Gross Leasable Area | 8,953 SF |
| No. Stories | 1 |
| Year Built | 1906 |
| APN / Parcel ID | |
| Zoning | BD - BD FAR 6.0 |
