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Value Add East Hampton Neighborhood Center 25 E High St 19,210 SF 100% Leased Retail Building East Hampton, CT 06424 $2,500,000 ($130.14/SF) 5.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Commitment and Performance from Dunkin’ and Ace | Dunkin’ recently exercised an extension option for 5-years
- Dense and Incredibly Affluent Community | There are approximately 20,280 individuals in a five-mile radius
- Value-Add Opportunity with Vacant Space | Approximately 45% of the property is currently vacant
EXECUTIVE SUMMARY
Surmount is pleased to present this value add opportunity for a Dunkin’ and Ace Hardware Strip Center located at 25 E High St, East Hampton, CT 06424. The site consists of roughly 19,210 rentable square feet of building space on an estimated 1.85-acre parcel of land. The weighted average lease term is approximately 7.9 years, and the current net operating income is $129,078.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,210 SF
Building Class
B
Year Built
2000
Price
$2,500,000
Price Per SF
$130.14
Cap Rate
5.16%
NOI
$129,078
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.85 AC
Zoning
C - Commercial
Frontage
221’ on High
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | EHAM-000005A-000063A-000020 | Improvements Assessment | $1,575,390 |
| Land Assessment | $786,720 | Total Assessment | $2,362,110 |
PROPERTY TAXES
Parcel Number
EHAM-000005A-000063A-000020
Land Assessment
$786,720
Improvements Assessment
$1,575,390
Total Assessment
$2,362,110
CONTACTS
-
Anthony D'Ambrosia -
Josh Kanter -
Stewart Hickey -
Glen Kunofsky -
Christopher Marks -
Surmount
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Value Add East Hampton Neighborhood Center | 25 E High St
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