Miscellaneous
Freshwater Blvd Retail
83 Freshwater Blvd, Enfield, CT 06082
Listing Price: $5,262,682
Cap Rate
6.75%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
16,817
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.12
Investment Overview
See Highlights
Freshwater Blvd Retail
Investment Highlights
- Corporately Guaranteed Tenants - The property is 100% leased to four long-term tenants that have 8-12 years of committed lease term.
- High Visibility - The property is located at the signalized intersection of Freshwater Boulevard and Cranbrook Boulevard with two ingress and egress points.
- Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
- Strong Population - With 77,000+ residents and 29,000+ households within 5 miles, there is an ample customer base for the tenant. The 5-Mile average household income exceeds $120,000.
- Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5% and rental rates increasing year over year.
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
Listing Price: $5,262,682
Cap Rate
6.75%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
16,817
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.12
Investment Highlights
- Corporately Guaranteed Tenants - The property is 100% leased to four long-term tenants that have 8-12 years of committed lease term.
- High Visibility - The property is located at the signalized intersection of Freshwater Boulevard and Cranbrook Boulevard with two ingress and egress points.
- Strategic Location - The subject property is located just south of Enfield Mall which is undergoing a $250M renovation as well as core submarket anchor tenants Costco and Home Depot.
- Strong Population - With 77,000+ residents and 29,000+ households within 5 miles, there is an ample customer base for the tenant. The 5-Mile average household income exceeds $120,000.
- Retail Corridor - The Enfield submarket is one of the strongest retail markets in the state with exceptional vacancy rates below 5% and rental rates increasing year over year.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
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