Plaza 95 96 Frontage Rd 6,945 SF 100% Leased Retail Building East Haven, CT 06512 $2,600,000 ($374.37/SF) 6.96% Cap Rate
INVESTMENT HIGHLIGHTS
- 6,945 SF Building
- 2 New HVAC Units
- Traffic: Frontage Road = 46,200 ADT | I-95 = 64,000 ADT
- Fully Leased: Long-Term Leases
- Signage: On-building & Pylons (Highway Visibility)
- High Retail Area
EXECUTIVE SUMMARY
O,R&L Commercial is pleased to present an Investment Opportunity at 96 Frontage Road in East Haven, CT. This fully leased 6,945 SF single story building has 2 new HVAC units, long-term leases, and a CAP rate of 6.96%. The property is situated on 0.74 acre in the CC zone within a high traffic retail area with highway visibility and traffic counts of 46,200 ADT on Frontage Road & 64,000 ADT on I-95. Area retail includes, Hobby Lobby, TJ Maxx, Dollar Tree, Home Depot, AutoZone, McDonald's, Wendy's, & Chili's.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,945 SF
Building Class
C
Year Built
1995
Price
$2,600,000
Price Per SF
$374.37
Cap Rate
6.96%
NOI
$180,835
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.74 AC
Zoning
CC
Parking
34 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
218’ on Frontage Rd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | EHAV-000230-003110-000004 | Improvements Assessment | $1,112,160 |
| Land Assessment | $282,240 | Total Assessment | $1,394,400 |
