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251 Kennedy Dr 145,465 SF 90% Leased Retail Building Putnam, CT 06260 $17,906,667 ($123.10/SF) 7.50% Cap Rate
Investment Highlights
- Excellent location
- National tenants
- High Occpupancy
Executive Summary
Excellent location in downtown Putnam. Price Chopper just extended their lease for 10 years.
Property is priced to sell at a 7.5% cap rate.
Retail Shopping center has upside potential in the rents.
Property is priced to sell at a 7.5% cap rate.
Retail Shopping center has upside potential in the rents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
145,465 SF
Building Class
B
Year Built/Renovated
1964/2000
Price
$17,906,667
Price Per SF
$123.10
Cap Rate
7.50%
NOI
$1,343,000
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
17.53 AC
Opportunity Zone
Yes
Zoning
CR - Commercial Retail
Parking
150 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Nets $4.50. Former pet store space.
| Space | Size | Space Use | Position | Available |
| 233 B | 4,800 SF | Retail | In-Line | Now |
233 B
| Size |
| 4,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
233 B
| Size | 4,800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Nets $4.50. Former pet store space.
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PUTN-000011-000000-000161 | Improvements Assessment | $9,023,900 |
| Land Assessment | $794,700 | Total Assessment | $9,818,600 |
Property Taxes
Parcel Number
PUTN-000011-000000-000161
Land Assessment
$794,700
Improvements Assessment
$9,023,900
Total Assessment
$9,818,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
251 Kennedy Dr