248 Flanders Road, East Lyme, CT 06357 For Sale

JLL Capital Markets has been retained as exclusive advisor for the sale of Stop & Shop Plaza, an 80,904-square-foot, grocery-anchored shopping center in East Lyme, Connecticut. The Property is anchored by a dominant Stop & Shop generating annual sales in excess of $44 million ($710 per square foot), placing it among the grocer's top-performing locations regionally. The tenant roster is further strengthened by Brown & Brown Insurance, one of the 10 largest insurance brokers globally, and national tenants such as Jersey Mike's (LOI) and Verizon. With 10,125 square feet of new leasing activity in the past 12 months and current occupancy at 97%, the Property demonstrates sustained tenant demand and delivers stable, long-term income in one of coastal Connecticut's most affluent markets.

Originally purpose-built for Stop & Shop in 2004, the grocer exercised its first 5-year renewal option following 20 years of continuous operation in 2024 and recently completed a $3MM store refresh, highlighting their commitment to the location. Stop & Shop has 11 remaining renewal options, extending their site control through 2084. The Property occupies a dominant retail intersection directly off Exit 74 on the highly trafficked Interstate 95 (68,900 VPD). Exit 74 is currently undergoing improvements as a focal point of the $148MM I-95 East Lyme reconstruction project, which is expected to be completed in the spring of 2027. The Property benefits from exceptional demographics, with a 5-mile average household income of $133,899 and a population exceeding 39,000. This rare combination of investment-grade credit tenancy (86% of income), dominant grocer performance, and strategic highway access positions the asset as an institutional-quality acquisition with durable cash flows and limited execution risk.