1777 Boston Post RdMilford, CT 06460
High-Yield Retail Investment, Prime Location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $3,247,360 asking price for a 43,148 SF Hobby Lobby storefront on a 4.72-acre lot in Milford, CT.
- Net lease investment with a 7.50% cap rate and $243,552 NOI.
- 9-year lease remaining (expires 10/31/2033), with a 1 x 5-year lease option.
- High-traffic location on Boston Post Rd (US-1) with over 21,000 VPD.
- Strong demographics: Average household income over $114,000 within one mile.
- Investment-grade tenant: Hobby Lobby, a financially stable national retailer.
Property Details for 1777 Boston Post Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 43,148 SF
- Year Built
- 2014
- Lot Size (sq. ft)
- 205,603 SF
Location Insight
- City
- Milford
- County
- New Haven
- State
- Connecticut
- Latitude
- 41.249807
- Longitude
- -73.0208141
Nearby Similar for Sale
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