143 Purdy Hill Rd, Monroe, CT 06468
5,348 SF | 100% Leased | Retail Building | Monroe, CT 06468 | $4,900,000 ($916/SF) | 5.50% Cap Rate
For Sale
Active
Asking Price $4,900,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,348 SF
- Price / Square Foot
- $916
Listing Contacts
- Property Info
Property Overview
HMX Realty Advisors is pleased to present for sale this newly constructed, three-tenant building leased to
Chipotle, Jersey Mike’s Subs and Wayback Burgers. The building is approximately 5,300 sf on 2 acres of land and features
upgraded construction materials with brick, efis and hardie clapboard. Chipotle occupies 2,337 sf and features a drive thru
pickup lane. Jersey Mike’s as well as Wayback Burgers occupy 1,500 sf each. All three tenants have rental increases every 5
years providing the investor a hedge against inflation and rising interest rates. The building has excellent visibility, sits at a
corner, signalized intersection of Monroe Turnpike and Purdy Hill Road. Traffic counts in front of the property on Monroe
Turnpike are over 25,000+ cars per day. The property is surrounded by national tenants including a new Panera Bread,
Walgreens, US Post Office as well as Stop & Shop, Big Y and Home Depot.
Located in Fairfield County, CT with a population exceeding 950,000 residents, it stands as one of the most populous
counties in the state. Its demographic profile reflects a mix of urban, suburban, and rural areas, each contributing to the
county's dynamic tapestry.
Home to affluent communities such as Greenwich and Westport, Fairfield County boasts a median household income well
above the national average. These areas are renowned for their picturesque landscapes, upscale amenities, and thriving
economies.
Chipotle, Jersey Mike’s Subs and Wayback Burgers. The building is approximately 5,300 sf on 2 acres of land and features
upgraded construction materials with brick, efis and hardie clapboard. Chipotle occupies 2,337 sf and features a drive thru
pickup lane. Jersey Mike’s as well as Wayback Burgers occupy 1,500 sf each. All three tenants have rental increases every 5
years providing the investor a hedge against inflation and rising interest rates. The building has excellent visibility, sits at a
corner, signalized intersection of Monroe Turnpike and Purdy Hill Road. Traffic counts in front of the property on Monroe
Turnpike are over 25,000+ cars per day. The property is surrounded by national tenants including a new Panera Bread,
Walgreens, US Post Office as well as Stop & Shop, Big Y and Home Depot.
Located in Fairfield County, CT with a population exceeding 950,000 residents, it stands as one of the most populous
counties in the state. Its demographic profile reflects a mix of urban, suburban, and rural areas, each contributing to the
county's dynamic tapestry.
Home to affluent communities such as Greenwich and Westport, Fairfield County boasts a median household income well
above the national average. These areas are renowned for their picturesque landscapes, upscale amenities, and thriving
economies.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 94,525 SF
Highlights
- Newly constructed building
- Located in desirable Fairfield County, CT
- At Signalized intersection on very busy road with over 26,000 cars per day
- Strong retail corridor with Stop & Shop, Big Y, McDonald’s and Panera among many others
- Average Household Income within a 3-mile radius exceeds $165,000
- All 3 tenants have rental increases providing hedge against inflation and rising interest rates
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