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23711599
23711600

58 East St, Plainville, CT 06062

JM
CT CT REB.0755257
O, R&L Commercial
LM
CT CT RES.0796961
O, R&L Commercial
Listed by O, R&L Commercial
$2,700,000
376 days on market
Updated 56 days ago

58 East Street Plainville Retail Plaza For Sale

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 23,000
Net Rentable (SqFt) 23,000
Cap Rate 6.83%
NOI $184,478
Occupancy 93%
Tenancy Multi
Brand/Tenant Advanced Auto Parts, Subway
Lease Type NNN
Pro-Forma Cap Rate 7.63%
Pro-Forma NOI $206,078
Price per SqFt $117
Broker Co-Op Yes
Year Built 1957
Year Renovated 2017-2025
Buildings 1
Stories 1
Acreage 1.930
Zoning GC
Parking Spaces 110 spaces
Parking Per SqFt 4.78
Investment Type Net Lease

Retail | 6.83% CAP | 23,000 SqFt

Marketing description

O,R&L Commercial is pleased to present 58 East Street, Plainville, CT for Sale. This 23,000 SF prominent neighborhood retail plaza contains a strong mix of national and local retailers including Subway and Advanced Auto Parts. The building is 1-story. The site has ample parking with 110 surface spaces. Excellent visibility on Rt. 10 with over a traffic count of over 17,000 ADT. The site is easily accessible to Rt. 72, Rt. 372 and I-84. There are over 50,000 people with-in a three-mile radius and an average household income $75,000. This neighborhood plaza benefits from an high number of patrons on a daily basis. There is 1,500 SF space available for lease.

Investment highlights

· 93% Occupancy

· NNN Long-Term Leases

· Excellent Location

· 1,500± SF Available for Lease

· 1-story on 1.93 acres in GC Zone

· New Capital Expenditures Roof, HVAC

· Newly Paved Parking Lot

· Highly visible with 17,000± ADT

· 110 parking spaces

· Easy access to I-84, Rt. 72, Rt. 372

Listing Contacts

JM
CT CT REB.0755257
O, R&L Commercial
LM
CT CT RES.0796961
O, R&L Commercial
Listed by O, R&L Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,478.00
$15,373.17/mo

Valuation Metrics

0
DSCR
6.83%
Cap Rate
6.83%
ROI

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Additional Information

Name
Jay Morris
License
CT RES.0262051
Brokerage
O, R&L Commercial
Brokerage Phone
860.721.0033
Title
Broker of Record
Name
Jay Morris
License
CT REB.0755257
Brokerage
O,R&L Commercial LLC
Brokerage Phone
8607210033
Title
Managing Broker
Brokerage Address
2340 Silas Deane Highway
Name
Luke Massirio
License
CT RES.0796961
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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