1777 Boston Post Rd Milford, CT 06460
High-Yield Retail Investment, Prime Location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
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
FAQs
- What type of property is this?
- Retail property - High-Yield Retail Investment, Prime Location
- Where is the retail property located?
- The property is located at 1777 Boston Post Rd Milford, CT.
- What is the asking price?
- The asking price for this property is $3,247,360.
- What are key features of this property?
- This property features: $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.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].