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40 Union St 4,500 - 9,000 SF of Retail Space Available in Middletown, CT 06457
Highlights
- Prominent location at hard corner and signalized intersection
- 800 feet from Middlesex Hospital, 1 mile from Wesleyan University and 1 block from Downtown Middletown
- Located directly next to Route 9 (53,000 VPD), providing direct connectivity to Interstate 91
- State's current plan to reconfigure Route 9 would make 40 Union the first major commercial property for all traffic exiting to Downtown Middletown
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 | 4,500-9,000 SF | 16’ - 22’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- Finished Ceilings: 16’ - 22’
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.
Site Plan
Property Facts
| Total Space Available | 9,000 SF | Gross Leasable Area | 13,430 SF |
| Min. Divisible | 4,500 SF | Year Built/Renovated | 1956/1989 |
| Property Type | Retail | Parking Ratio | 5.06/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | DeKoven Dr |
| Total Space Available | 9,000 SF |
| Min. Divisible | 4,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 13,430 SF |
| Year Built/Renovated | 1956/1989 |
| Parking Ratio | 5.06/1,000 SF |
| Cross Streets | DeKoven Dr |
About the Property
40 Union Street is available for lease for the first time in 70 years and is comprised of a 13,430± SF commercial building set on a highly visible one acre, hard corner and signalized intersection. The eastern portion of the building, consisting of 4,430 square feet, has been leased to a national retail tenant. The remaining 9,000 square feet that fronts both DeKoven Drive and Union Street is still available for lease. Landlord’s preference is for a single tenant, but will entertain demising the space for the right tenant. A majority of the space boasts ceiling heights ranging from 16-23 feet. The property has ten drive-through doors and two loading docks, along with ample parking on-site. 40 Union is zoned B-1, allowing for a wide range of retail and office uses, as well as flex/industrial as a pre-existing use. The property is located directly next to Route 9 (53,000 VPD), providing direct connectivity to Interstate 91. The property is also located 800 feet from Middlesex Hospital, less than a mile from Wesleyan University and only one block from Downtown Middletown. The State’s current plan to reconfigure Route 9 would make 40 Union the first major commercial property for all northbound traffic exiting to Downtown Middletown.
- Corner Lot
- Freeway Visibility
- Signalized Intersection
Nearby Major Retailers
Contact the Leasing Agent
40 Union St