895 Washington St - Freestanding FOR SALE


Middletown, CT 06457- Downtown Middletown
$2,207,143 USD
781-776-4003
895 Washington St, Middletown, CT for Sale
$2,207,143 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

895 Washington St
Middletown, CT 06457
Downtown Middletown


HIGHLIGHTS

  • Brand-New Lease
  • Attractive Rent Increases
  • Experienced Operator
  • Strategic Retail Location
  • Student Population
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a net leased Venu Flower Collective investment property located at 895 Washington Street in Middletown, Connecticut (the “Property”). Venu Flower Collective signed a brand-new, 10-year lease in 2023, and the current lease term expires in March 2033, followed by one (1), 5-year renewal option. The lease features attractive 3% rent increases annually through the remaining lease term and option period. Venu Flower Collective is well-located on Washington Street, the area’s primary real corridor. Situated on an outparcel to a Home Depot-anchored shopping center, the Property enjoys excellent frontage and visibility and is in close proximity to a large number of national retailers that drive traffic to the area. Venu Flower Collective is just over a mile from Wesleyan University, one of the most prestigious liberal arts colleges in the country and a significant economic driver for Middletown and the surrounding area. income of $110,071. Over 81,000 people live within a 5-mile radius of the Property with an average household income of $120,638.

FOR SALE DETAILS

PRICE

$2,207,143 USD

PRICE/SF

$1,200 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Venu Flower Collective

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

13 0139

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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