550 Boston Post Rd | Orange, CT 06477
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550 Boston Post Rd
Orange, CT 06477
ORANGE MEADOWS OUTPARCEL · Retail Property For Sale
Investment Highlights
- STRATEGIC HIGH-BARRIER TO ENTRY LOCATION – Situated on a high-traffic corridor and positioned at the front of a busy Trader Joe’s shopping center
- FIRST-TIME OFFERING WITH NEW CONSTRUCTION – Newly-restored building featuring a complete down-to-the-studs renovation with modern fit-outs
- TRIPLE NET LEASES (NNN) – Secure income stream with all three tenants responsible for their proportionate share of property taxes, insurance
- FAVORABLE EXPENSE REIMBURSEMENT AGREEMENT – The property benefits from an REA with a surplus amount of parking.
Executive Summary
Broker of Record
Kyle Matthews
License No. REB.0790986 CT)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Matthews Real Estate Investment Services™ is pleased to exclusively present for sale the Orange Meadows Outparcel. The Orange Meadows Outparcel is a three-tenant building fully occupied by QSR tenants Mission BBQ, Jimmy John’s, and Haven Hot Chicken. The Property is located in an ideal location with high visibility on Boston Post Road (22,000 VPD) in Orange, CT, and is an outparcel to the shopping center owned by Regency Centers, Orange Meadows, which is anchored by national retailers, Trader Joe’s, TJ Maxx, Ulta, and Bob’s Discount Furniture.
Kyle Matthews
License No. REB.0790986 CT)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Matthews Real Estate Investment Services™ is pleased to exclusively present for sale the Orange Meadows Outparcel. The Orange Meadows Outparcel is a three-tenant building fully occupied by QSR tenants Mission BBQ, Jimmy John’s, and Haven Hot Chicken. The Property is located in an ideal location with high visibility on Boston Post Road (22,000 VPD) in Orange, CT, and is an outparcel to the shopping center owned by Regency Centers, Orange Meadows, which is anchored by national retailers, Trader Joe’s, TJ Maxx, Ulta, and Bob’s Discount Furniture.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,481 SF
Building Class
C
Year Built
1973
NOI
$273,791
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.75 AC
Zoning
C-2
Parking
176 Spaces (27.16 Spaces per 1,000 SF Leased)
Frontage
330 FT on Boston Post Rd
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | ORAN-000006-000001-000004 | Improvements Assessment | $744,500 |
| Land Assessment | $525,000 | Total Assessment | $1,269,500 |
PROPERTY TAXES
Parcel Number
ORAN-000006-000001-000004
Land Assessment
$525,000
Improvements Assessment
$744,500
Total Assessment
$1,269,500
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