50 Boston Post Rd
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50 Boston Post Rd
61,120 SF 100% Leased Retail Building Orange, CT 06477 $11,000,000 ($180/SF) 7.73% Cap Rate
Investment Highlights
- Retail center with long-term leases in place.
- Proximity to other national tenants in an ideal retail corridor.
Executive Summary
INVESTMENT OPPORTUNITY: O,R&L Commercial and KBC Advisors have been exclusively retained to offer for Sale 50 Boston Post Road in Orange, Connecticut. This asset provides investors with the opportunity to acquire a 65,000+/- square foot net-lease retail property located on a freestanding outparcel with over 500' of frontage on the Boston Post Road / Route 1. The property is 100% leased by two tenants on a triple-net basis: Edge Fitness, a regional fitness club and Guitar Center, a national musical instrument retailer. The location of the asset is strategically situated on the Boston Post Road / Route 1--southern Connecticut's major retail corridor (ADT: 20,838) and is a short distance to Interstate 95 providing great accessibility from all directions of travel. In addition, the property has excellent visibility from Route 1 and ample parking to accommodate its tenants' clientele. NNN Sale | 7.73 Cap Rate | Sale Price: $11,000,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
61,120 SF
Building Class
C
Year Built
1998
Price
$11,000,000
Price Per SF
$180
Cap Rate
7.73%
NOI
$850,450
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.19
Lot Size
7.51 AC
Zoning
C-1 - Commercial
Parking
311 Spaces (5.09 Spaces per 1,000 SF Leased)
Frontage
631 FT on Boston Post Rd
Amenities
- Mezzanine
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | ORAN-000056-000003-000003 | Improvements Assessment | $3,594,900 |
| Land Assessment | $1,146,800 | Total Assessment | $4,741,700 |
PROPERTY TAXES
Parcel Number
ORAN-000056-000003-000003
Land Assessment
$1,146,800
Improvements Assessment
$3,594,900
Total Assessment
$4,741,700
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50 Boston Post Rd
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