10 Hemingway Ave
11,240 SF Retail Building with Drive-thru
Marketing description
O,R&L Commercial is pleased to present an 11,240 SF Retail building with existing drive-thru (former RiteAid) available for Lease or Sale located at 10 Hemingway Drive in East Haven, CT. The property has the strategic advantage of being located at the 4-way signalized intersection of Short Beach Road (Route 142) and Coe Ave, and is in close proximity to the new proposed entrance to Tweed Airport on Proto Drive. The location boasts an average daily traffic count (ADT) currently of 21,300 vehicles per day and the new entrance to the airport will dramatically increase passenger flow by this asset. With a drive-thru in place, this building is ideal for pharmacy, grocery, bank, medical or other various commercial uses with ample parking including 53 spaces. This property is ideal for investors seeking an opportunity to have a long-term tenant or owner occupiers building brand visibility in a rapidly evolving commercial corridor. Sale Price: $1,950,000 | Lease Rate: $15/SF NNN
Investment highlights
- 11,240 SF Retail Building with Drive-thru
- Former Rite-Aid on 1.28 Acres
- 53 Parking Spaces, 4.72/1,000
- Located at 4-Way Intersection with Traffic Light
- Current ADT: 21,300 Average Daily Traffic
- Close proximity to Tweed Airport’s proposed new entrance for added traffic flow!
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