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Chipotle, Jersey Mike's, Wayback Burgers 143 Purdy Hill Rd

5,348 SF 100% Leased Retail Building Monroe, CT 06468 $6,945,603 CAD ($1,299 CAD/SF) 5.50% Cap Rate

Investment Highlights

  • Newly constructed building
  • At Signalized intersection on very busy road with over 26,000 cars per day
  • Average Household Income within a 3-mile radius exceeds $165,000
  • Located in desirable Fairfield County, CT
  • Strong retail corridor with Stop & Shop, Big Y, McDonald’s and Panera among many others
  • All 3 tenants have rental increases providing hedge against inflation and rising interest rates

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,348 SF
Building Class
C
Year Built
2024
Price
$6,945,603 CAD
Price Per SF
$1,299 CAD
Cap Rate
5.50%
NOI
$382,008 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Land Acres
2.17 AC
Zoning
LOR
Frontage
166 ft on Spring Hill Road

Amenities

  • 24 Hour Access
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MONR-000014-000045
Land Assessment
$980,889 CAD
Improvements Assessment
$1,099,390 CAD
Total Assessment
$2,080,279 CAD
  • Listing ID: 31607810

  • Date on Market: 2024-04-25

  • Last Updated:

  • Address: 143 Purdy Hill Rd, Monroe, CT 06468

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