143 Purdy Hill Rd - Restaurant FOR SALE


Monroe, CT 06468
$4,900,000 USD
212-972-3947
143 Purdy Hill Rd, Monroe, CT for Sale
$4,900,000 USD
Restaurant - FOR SALE
1/2
null | 5.5% Cap Rate

143 Purdy Hill Rd
Monroe, CT 06468


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

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.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$916 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle, Jersey Mike's, Wayback Burgers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,739 SF

ZONING

LOR

APN/PARCEL ID

MONR-000014-000045

ASK ABOUT THIS PROPERTY

Daniel de Sa'HMX Realty AdvisorsMore Info
212-972-3947

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Daniel de Sa'HMX Realty AdvisorsMore Info
212-972-3947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.