85 Middletown Ave | North Haven, CT 06473
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- LoopNet Team
85 Middletown Ave
North Haven, CT 06473
Rite Aid · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN RITE AID (DARK) | 7.8 YEARS REMAINING | MINIMAL LANDLORD RESPONSIBILITIES | LOW-RISK INVESTMENT | 27.32% CASH-ON-CASH RETURN
- MULTIPLE POINTS OF INGRESS/EGRESS ACCESS TO SITE | DEVELOPMENT OPPORTUNITY | 2.2 ACRES EXCESS LAND
- STRONG AND GROWING DEMOS | 221k PEOPLE IN 5-MILE RADIUS | ABOVE AVERAGE INCOME | $82K IN 5-MILE RADIUS
- RITE AID (NYSE: RAD) CORPORATE GUARANTEE | 2,400+ LOCATIONS | FEE SIMPLE ASSET | ATTRACTIVE ASSUMABLE LOAN 3.93% INTEREST RATE
- EXCESS DEVELOPMENT LAND ZONED RESIDENTIAL (R-20) | COMBINED VPD AT INTERSECTIONS IS OVER 16,000 VPD
- RETAILERS IN IMMEDIATE VICINITY INCLUDE: HOME DEPOT, TJ MAXX, TARGET, BJ’S WHOLESALE, BEST BUY, CHICK-FIL-A, DUNKIN’, MCDONALD’S, DOLLAR TREE, ETC
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
4.23 AC
Zoning
CB 20 - Commercial Zoned District
Parking
84 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | NRHV-000007-000000-000029 | Improvements Assessment | $3,203,270 |
| Land Assessment | $441,840 | Total Assessment | $3,645,110 |
PROPERTY TAXES
Parcel Number
NRHV-000007-000000-000029
Land Assessment
$441,840
Improvements Assessment
$3,203,270
Total Assessment
$3,645,110
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