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90 Main St
Westport, CT 06880
Vineyard Vines Retail Condo · Retail Property For Sale

EXECUTIVE SUMMARY

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer a ground-floor retail condo occupied by Vineyard Vines. The retail condo is located on 90 Main Street, in the historical core of downtown Westport, Connecticut. Currently, Vineyard Vines has four plus years remaining on a triple-net-lease. The tenant has established roots in the submarket where they have been operating at the site for over ten years. Additionally, the subject property has three percent annual increases and strong corporate guarantee. Vineyard Vines is an American clothing and accessory retailer with over 95 locations and 2,800 employees. The company is known for its whale-logoed shirts and neckties. Recently, Vineyard Vines has moved its corporate headquarters to Stamford, Connecticut showing its commitment to the local submarket. The subject property benefits from its established location on Main Street in downtown, Westport Connecticut. The retail condo consists of 3,527 of occupied retail space in one of the premier retail streets in Fairfield County. Notable retail tenants on and around Main Street include Lululemon, GAP, Theory, Brooks Brothers, Banana Republic, amongst others. The street and immediate surrounding areas continue to develop. Bedford Associates has recently developed a new $100 million project call Bedford Square. This development consists of retail space, residential apartments and professional office space. It is anchored by a 38,000 square foot Anthropologie location, along with Barbour, William Sonoma and numerous others. The subject property offers an investor a rare opportunity to acquire a cash flowing retail asset on Main Street in downtown Westport, Connecticut.

PROPERTY FACTS

Property Type Retail
Property Subtype
Storefront Retail/Residential
  • General Retail Storefront
Building Class B
Lot Size 0.33 AC
Gross Leasable Area 3,527 SF
No. Stories 1
Year Built/Renovated 1987/1999
Tenancy Single
APN / Parcel ID WPOR-000010C-000000-000147-000000-7
Zoning BCD - Business Center District
  • Listing ID: 14515870

  • Date on Market: 11/30/2018

  • Last Updated:

  • Address: 90 Main St, Westport, CT 06880

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