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Investment Highlights

  • Compelling Value-Add Leasing Opportunity
  • Established National & Service-Based Tenancy
  • Lowe's & Target Shadow-Anchored

Executive Summary

Lowe's & Target Shadow-Anchored: Strategically positioned within a dominant national retail concentration shadow-anchored by Lowe's and Target, generating significant daily traffic and regional consumer draw
Compelling Value-Add Leasing Opportunity: Currently 67% occupied with 5,596 SF of existing vacancy, providing investors significant embedded upside through lease-up and stabilization
Exceptional Surrounding Retailers: Immediately adjacent to ALDI, with Home Depot and Walmart Supercenter located directly across the street, further strengthening traffic and consumer draw to the immediate site
Established National & Service-Based Tenancy: In-place tenant roster includes Mattress Firm, Aspen Dental, GNC, Great Clips, and Barla Nails & Spa, providing a diversified mix of national and service-oriented retailers
Strategic I-395 Corridor Location: Convenient access to I-395, carrying approximately 44,500 vehicles per day, provides strong connectivity throughout southeastern Connecticut
Affluent Regional Trade Area: More than 31,000 residents with average household incomes exceeding $101,000 are located within a 10-mile radius

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,038 SF
Building Class
C
Year Built
2010
Price
$3,875,000
Price Per SF
$227.43
Cap Rate
7.42%
NOI
$287,674
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
1.00 AC
Zoning
R-60
Parking
80 Spaces (4.85 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Dec 2019

Aspen Dental began in 1998 in East Syracuse, New York, after a merger that formed the brand from East Coast Dental and Upstate Dental. The company provides routine and emergency dental care, along with dentures, implants, clear aligners, financing options, and other general dental services. Aspen Dental supports a wide national network of branded dental practices through a model that combines patient care with non-clinical administrative and business support, and the company maintains a broad presence across the country.

  • Barla Barla Nails & Spa Corp
  • Services
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

GNC began in 1935 as a nutrition retailer and developed into a specialty business focused on health and nutrition products. The company offers vitamins, supplements, minerals, herbs, sports nutrition, diet products, energy products, protein, and related wellness items through retail and digital channels. GNC operates through a multi-channel model that includes company-owned stores, franchise activity, e-commerce, third-party contract manufacturing, and corporate partnerships, which supports a broad consumer wellness presence.

  • Services
  • -
  • -
  • May 2027

Great Clips began in 1982 when David Rubenzer and Steve Lemmon established the business around a no-appointment haircut model that made salon visits simpler and more convenient. The company has since grown into a 100 percent franchised hair salon brand with a broad network across the United States and Canada, serving men, women, and children through independently owned salons. Great Clips also supports franchisees with operating systems and customer tools such as online check-in, while its business focus remains centered on haircuts, basic haircare services, and a franchise-led retail model.

  • Retailer
  • -
  • -
  • -

Founded in 1986, Mattress Firm grew from a small mattress chain into a national specialty retailer focused on mattresses, bedding, adjustable bases, bed frames, pillows, and related sleep products. Following Tempur Sealy's 2025 acquisition, Mattress Firm operates as a decentralized business unit under Somnigroup International while continuing as a multi-branded retailer in the sleep market. The company's assortment includes brands such as Tempur-Pedic, Purple, Serta, and Beautyrest, and the business centers on guided sleep shopping through stores and digital sales channels.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - Dec 2019
Barla Barla Nails & Spa Corp Services - - -
Retailer - - -
Services - - May 2027
Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 214
  • 2,395 SF
  • Retail
  • In-Line
  • Now
  • 250
  • 1,200 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
214 2,395 SF Retail In-Line Now
250 1,200 SF Retail In-Line Now

214

Size
2,395 SF
Space Use
Retail
Position
In-Line
Available
Now

250

Size
1,200 SF
Space Use
Retail
Position
In-Line
Available
Now
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100

Nearby Major Retailers

Chili's Grill & Bar
IGA

Property Taxes

Property Taxes

Parcel Number
LISB-000014-000042-000003
Land Assessment
$747,600
Improvements Assessment
$779,630
Total Assessment
$1,527,230
  • Listing ID: 42031146

  • Date on Market: 9/3/2026

  • Last Updated:

  • Address: 210 River Rd, Lisbon, CT 06351

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