589 Bridgeport Ave
Milford, CT 06460
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tenant roster includes K-Mart, Walgreens, Ocean State Job Lot, Dollar Tree, and Taco Bell
- Tremendous upside potential for experienced value add investor
- Well located neighborhood shopping center with excellent access on Route 1 near Interstate 95
- 18,300 traffic count at subject property and 55,885 population within three (3) miles
PROPERTY FACTS
AMENITIES
- Monument Signage
ABOUT 589 BRIDGEPORT AVE , MILFORD, CT 06460
Colliers International | Hartford Investment Sales Team is pleased to exclusively offer the opportunity to acquire the leasehold interest in 589 Bridgeport Avenue in Milford CT, also known as Liberty Rock Shopping Center. The property is a 175,877 square foot multi-tenant neighborhood shopping center well located on Route 1 in Milford, Connecticut. The plaza serves as a daily destination shopping center for the Milford submarket with well-known national and regional tenants. K-Mart anchors the in-line shopping center space, along with tenants such as Ocean State Job Lot and Dollar Tree. Outparcels to the shopping center include a freestanding Walgreens and Taco Bell restaurant, as well as a small strip building on Route 1. The shopping center sits on 17.91 acres and is subject to a ground lease that expires in 2024 with four (4) ten (10) year options. Call for offers scheduled for June 5. Offering package available here: https://www.crexi.com/properties/109779
PROPERTY TAXES
| Parcel Number | MILF-000025-000207-000050A | Improvements Assessment | $3,006,860 |
| Land Assessment | $4,718,550 | Total Assessment | $7,725,410 |
