151 Meadow St
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151 Meadow St
6,250 SF 100% Leased Retail Building Branford, CT 06405 $950,000 ($152/SF) 5.54% Cap Rate
Investment Highlights
- Heavily trafficked area, with busy anchor tenant on property
- Long term tenants in place
- Recently repaved parking lot, with designated handicapped spaces, and parking for 30+ vehicles
Executive Summary
Excellent opportunity to own a fully established commercial complex in the center of town. This property is made up of two separate buildings, housing a variety of different businesses and professionals; including an active and vibrant thrift store on the ground level of one building. Many improvements done to this property, including repavement and striping of entire parking lot, replacement of several HVAC units, and complete remodeling/updating of several office spaces. All tenants are on signed written leases, generating immediate cashflow upon purchase. All utilities (with exception of water/sewer) are separately metered and tenant-paid. Turn-key investment awaits!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,250 SF
Building Class
C
Year Built
1980
Price
$950,000
Price Per SF
$152
Cap Rate
5.54%
NOI
$52,634
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Land Acres
0.59 AC
Zoning
IG-1 - General Industrial District
Parking
35 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
101 FT on Meadow St
Amenities
- Pylon Sign
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | BRAN-000008E-000003-000004 | Total Assessment | $541,400 (2024) |
| Land Assessment | $91,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $450,400 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
BRAN-000008E-000003-000004
Land Assessment
$91,000 (2024)
Improvements Assessment
$450,400 (2024)
Total Assessment
$541,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Jorge Gil - Ki Property Group
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151 Meadow St
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