JR Daily & Sons bought this Lease Hold interest in the 1980's. It has 36 years remaining. The Ground lessor has extended it for a fee at least 3 times. It is a one of a kind Shopping Center in the heart of a quaint Connecticut town. It sits on its own special zoning and has 2 giant septic waste water treatment plants on premises. These are all grandfathered and are never given out any more. Rare Find. As proof of its viability, Target Corp, after year of competitive research, just signed a brand new 10 year lease and is fully renovating their premises at their expense to open and pay rent August 2025. Also JP Morgan Chase Bank just signed a 20 year lease for an outparcel bank which they build at their sole expense. And Big Y Supermarkets just negotiated three (3) ten (10) year options as part of the Target deal, and is showing signs of great success at this location. There are 9 tenants and only 1 vacancy (being looked at) in the strip mall between the two big boxes. This center has been at almost continuous 99% occupancy since it was built in 1970. There was a year long lapse when Wal Mart went out and a deal with Target was done for a new lease. Besides that, there has been zero big box vacancies and only a small turn over in the local stores. The center was able to weather the pandemic with barely any rent slippage. This is a rare opportunity to get in this ownership. Its the first time its available since 1985, when it was purchased. This is being listed through JR Daily & Sons. Any brokers should be paid by their respective buyers accordingly. To re-iterate, this is a a Subordinated Ground Lease with 36 years remaining. The ground lessor is prevented from ever mortgaging their ownership and the Ground lessor (this owner) can use their ownership as collateral on their mortgage with Power of Attorney to sign on their behalf. It is a very rare type ground lease in that regard. The sale comes with approved plans to renovate the strip mall from the town, see attached rendering. There is a budget to due this work as the canopy needs repair, that can be discussed later on. The budget is $1.35mm to renovate the strip mall. All other expenses like TI for Target and waiver fee for Big Y will be born 100% by seller. Sale price withheld, the sale is open to all bidders. Ideally hoping to close by no later than August 1 2025.