Free Standing Retail/Restaurant Building For Lease

Retail-Commercial for Lease
Catylist Listing ID: 30208580
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Contiguous Space: 1,736 SF
Gross Building Area: 1,736 SF
Gross Land Area: 0.39 Acres
Lease Rate: $75,000 (Annual)
$43.20 PSF (Annual)
Base Monthly Rent: $6,250
Lease Types: NNN
Last Updated: 8/30/2019

Overview / Comments

Free-standing Retail/Restaurant building for lease! Formerly Tim Horton’s, 1,736sf one story building with a drive-thru. Located on a 0.39 acre lot and at corner of Long Hill Road (aka Route 1) and Meridian Street Ext. with traffic lighted intersection. Access from both streets. Zone DDD. 13 parking spaces. 21,700 Daily average traffic count. Equipment included in lease.

For Lease $75,000 annually NNN ($6,250/mo NNN) for Years 1 – 5. Also For Sale.

Excludes any Sale or Lease to competitor of owner’s business.

DIRECTIONS: At corner of Long Hill Road and Meridian Street Ext.

Expand All Available Space

Suite: 1 1,736 SF $75,000 (Annual) NNN
Level/Floor: 1
Space Available: 1,736 SF
Lease Rate: $75,000 (Annual)
$43.20 PSF (Annual)
$6,250 (Monthly)
Lease Type: NNN
Space Subcategory: Free-Standing Store
Date Available: 8/1/2019
Space Type: New
Parking Spaces 13
Tax Expenses $14,692 PSF (Annual)

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Groton
Tax ID/APN: 169805092153
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Feet of Frontage: 399
Traffic/Vehicle Count: 21,700
Highway Access: I-95 0.8 miles
Airports: Groton / New London 3 miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,736 SF
Year Built: 2004
Total Parking Spaces: 13
Heat Type: Propane
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Zone DDD - Commercial
Lot Frontage: 399
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,132 55,879 84,290
Median Age: 33.64 34.52 37.25
Households: 5,246 22,153 32,840


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