711 East Main Street Meriden CT

Matthews Commercial Properties is excited to offer 711 East Main St., Meriden available for sale or lease. This property features an 8,700 SF+/- mixed use Industrial/Retail building    constructed of brick, block, and steel. 5,000 SF+/- remains available for lease.

Lease Rate = $7.60 PSF NNN Plus Utilities (Nets = $2.95 PSF)

Sales Price = $579,000.00

Property Highlights-

• Located at a signalized intersection on the corner of East Main St. and Swain Ave., Meriden
• Highly visible property with great signage (1 pylon sign and 3 large signs on the building)
• Average Daily Traffic- 14,300 Vehicles on East Main St.
• Frontage- 60’ on East Main St. and 215’ on Swain Ave.
• Proximal to I-691, I-91, and Rt-5
• Two tenants currently occupy 3,700 SF +/- and produce $36,840 per year
• Efficient Gas Heat
• 5,000 SF +/- Available for Lease
• Clear Span 20’ Ceilings
• 10’ x 10’ Overhead Door
• 264 SF +/- Mezzanine
• 5,000 SF +/- Basement

Financial Information-

• Annual Expenses- $25,686.18
• Current NOI- $11,153.82
• Projected NOI- $63,903.78
• Lease Rate- $7.60 PSF NNN Plus Utilities (Nets = $2.95 PSF)
• Sales Price- $579,000

Front – 2,000 SF+/- Retail

• 8’ Ceilings
• Two Restrooms
• Lease Rate = $10.00 PSF NNN Plus Utilities
• Estimate of Nets = $2.95 PSF
• Monthly Rent = $2,158.33 Per Month

Rear – 3,000 SF+/- Industrial

• Clear span 20’ Ceilings
• Access to one restroom
• 264 SF+/- Mezzanine
• One 10’ x 10’ Overhead Door
• Basement for storage that could potentially be filled in
• Lease Rate = $7.00 PSF NNN Plus Utilities
• Estimate of Nets = $2.95 PSF
• Monthly Rent = $2,487.50 Per Month

Full – 5,000 SF+/-

• Lease Rate = $7.60 PSF NNN Plus Utilities
• Monthly Rent = $4,395.83 Per Month

• 711 East Main St Meriden
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