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711 East Main Street Meriden CT

711 E Main St, Meriden, CT 06450, USA
$579,000$8/PSF NNN Plus Utilities

Description

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

 

 

Property Documents

  • City: Meriden
  • State/county: Connecticut
  • Country: United States

Detail

Updated on December 3, 2020 at 12:49 pm

  • Property ID: MCP-5088
  • Price: $579,000
  • Property Size: 8700
  • Land Area:0.37 acres
  • Garage: 1
  • Year Built: 1965
  • Property Type: Industrial, Investment, Retail
  • Property Status: For Lease, For Sale, For Sale / For Lease

Contact info

Noah Matthews
Noah Matthews
2037213337
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