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Plaza 95 96 Frontage Rd

6,945 SF 100% Leased Retail Building East Haven, CT 06512 $2,695,000 ($388/SF) 6.71% Cap Rate

Investment Highlights

  • 6,945 SF Building
  • 2 New HVAC Units
  • Traffic: Frontage Road = 46,200 ADT | I-95 = 64,000 ADT
  • Fully Leased: Long-Term Leases
  • Signage: On-building & Pylons (Highway Visibility)
  • High Retail Area

Executive Summary

O,R&L Commercial is pleased to present an Investment Opportunity at 96 Frontage Road in East Haven, CT. This fully leased 6,945 SF single story building has 2 new HVAC units, long-term leases, and a CAP rate of 6.71%. The property is situated on 0.74 acre in the CC zone within a high traffic retail area with highway visibility and traffic counts of 46,200 ADT on Frontage Road & 64,000 ADT on I-95. Area retail includes, Hobby Lobby, TJ Maxx, Dollar Tree, Home Depot, AutoZone, McDonald's, Wendy's, & Chili's.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,945 SF
Building Class
C
Year Built
1995
Price
$2,695,000
Price Per SF
$388
Cap Rate
6.71%
NOI
$180,835
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.74 AC
Zoning
CC
Parking
34 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
218 FT on Frontage Rd

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru
  • Air Conditioning

Nearby Major Retailers

Chili's Grill & Bar
Boston Market
Citizens Bank
Webster Bank
Stop & Shop
Bank of America
Country Kitchen
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
EHAV-000230-003110-000004
Land Assessment
$282,240
Improvements Assessment
$1,112,160
Total Assessment
$1,394,400
  • Listing ID: 32904265

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 96 Frontage Rd, East Haven, CT 06512

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