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29 Spencer Plain Rd 2,465 - 4,930 SF of Retail Space Available in Old Saybrook, CT 06475
HIGHLIGHTS
- Prime Location – Directly off I-95 at Exit 66, ensuring high visibility and accessibility.
- 1.56 Acres – Potential for redevelopment or repurposing to fit a variety of uses.
- Growth Market – Serves a strong residential and commercial trade area with a growing consumer base.
- Strong Traffic Counts – Over 11,000 VPD in a thriving retail corridor.
- Excellent Frontage & Access – Situated at a signalized intersection with multiple points of ingress/egress.
- Strong Retail Synergy – Surrounded by national and regional tenants, including Big Y Supermarket, Ulta Beauty, Five Guys, Kohl’s, and Choice Pet
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,465-4,930 SF | 12’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Building can be divided. Up to 2,465 - 4,930 SF.
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Finished Ceilings: 12’
- 4930 SF Freestanding Building
- 1.56 AC Parcel
- Excellent redevelopment opportunity
- Building can be divided. Up to 2,465 - 4,930 SF.
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 | 4,930 SF | Gross Leasable Area | 4,930 SF |
| Min. Divisible | 2,465 SF | Year Built | 2007 |
| Property Type | Retail | Parking Ratio | 10.34/1,000 SF |
| Property Subtype | Restaurant |
| Total Space Available | 4,930 SF |
| Min. Divisible | 2,465 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,930 SF |
| Year Built | 2007 |
| Parking Ratio | 10.34/1,000 SF |
ABOUT THE PROPERTY
Now available for lease, this 1.56-acre site with a 4,930 SF freestanding restaurant offers an exceptional opportunity in one of Connecticut’s most desirable retail corridors. Strategically positioned just off I-95, Exit 66, the property benefits from high traffic visibility at a four-way intersection, directly across from the Big Y Supermarket Plaza. This prime location services affluent shoreline communities, including Madison, Clinton, Westbrook, Old Lyme, and Essex, making it an ideal destination for retail, restaurant, or redevelopment opportunities. Potential to divide building (2,465 - 4,930 SF). DETAILS Building Size: 4,930 SF Total Lot Size: 1.56 Acres Zone: Gateway Business B-4 District Parking: 51 on-site spaces Use Type: Retail, medical, restaurant, service or gas station
- Pylon Sign
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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29 Spencer Plain Rd
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