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Previously Mad Coffee/Dunkin Donuts 744 Boston Post Rd

1,642 SF Retail Building Old Saybrook, CT 06475 $925,000 ($563/SF) 7.54% Cap Rate

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Investment Highlights

High visibility from 3 intersecting roads
Potential tenant interested

Grandfathered signage

Executive Summary

A 1,938 SF building in the shoreline community of Old Saybrook. Strategically located at the signalized intersection of Boston Post Road (US-1) and Elm Street high vehicular traffic throughout the day. A high density location across from a shopping center, major retailers, restaurants & numerous service businesses. B-1 Central Business District which allows retail stores, professional offices, banks, financial institutions, healthcare, & medical/dental clinics. Ideal franchise location. Open floor plan, lots of lighting, 2 lavs, and a small office. Plenty of parking. High visibility opens up many different business opportunities. Two hoods, walk in cooler and freezer included. Grandfathered freestanding sign and sign allowances. Potential tenants available. Reach out to agents for more info. Actual square footage is 1,938 with walk in freezer. Buyers and agents to do their due diligence as to the condition of the property. Currently no tenant in place, Cap Rate is a placeholder based on assumptions depending on the tenant and average per square foot rates in that area.

744 Flyer 2.56.04?PM

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

1,642 SF

Building Class

Year Built/Renovated

1970/2022

Price

$925,000

Price Per SF

$563

Cap Rate

7.54%

NOI

$69,745

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Land Acres

0.37 AC

Zoning

B-1 - In Central Business B-1 zone with restaurant, retail, offices uses all allowed. Outdoor dining permitted. 24 parking spaces.No drive thru.

Parking

24 Spaces (14.62 Spaces per 1,000 SF Leased)

Frontage

400 FT on Boston Post

Amenities

Corner Lot
Pylon Sign

Restaurant
Signage

Signalized Intersection

Air Conditioning

Space Availability

1st Floor
1,642 SF
Office/Retail
-
Now

Superb corner lot location at intersection with traffic lot and frontage on 3 streets! Pylon sign and multiple building signs permitted. Walking distance to Main Street shops and businesses. In Central Business B-1 zone with restaurant, retail, offices uses all allowed. Outdoor dining permitted. Former Dunkin' Donuts building and set up for food service with kitchen, WIC/freezer, 2 hoods, counter, dining area, 2 accessible baths, large display windows, etc. Actual measured GLA is 1938 s.f., CoStar default value of 1642 is incorrect.