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9 Maritime Dr
Mystic, CT 06355

West Marine · Retail Property For Sale

Investment Highlights

  • Original 10-Year Double-Net (NN) Lease With 5.8 Years Remaining
  • Tenant Renewal Options: Three (3) Periods of Five (5) Years
  • Positive Real Estate Fundamentals | Located within a Costal Town Known for Boating | 10 Marinas in the Immediate Area
  • Attractive Rental Increases of 10% Every Five (5) Years, Carrying Into Option Periods
  • Dense Retail Corridor | McDonald’s, Starbucks, Dunkin Donuts, Domino's Pizza, Friendly’s, Cask’n Keg and Many More
  • Ease of Access | Located within Direct Proximity to Interstate-95 | 64,000 Vehicles Per Day

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
11.08 AC
Zoning
M-1 - Warehouse
Frontage
352 ft on Maritime

Amenities

  • Air Conditioning

About 9 Maritime Dr , Mystic, CT 06355

This West Marine is located on the corner of Maritime Drive and Coogan Blvd, in Mystic, Connecticut. The subject property is located just east of the Mystic River and north of downtown Mystic, a beach and marine-based community. The Mystic River sits within walking distance of the subject property and boasts 10 marinas within the immediate area. The property is well positioned in a dense retail corridor with many national and local tenants, hospitality providers and auto retailers. Due to this West Marine’s close proximity to the Mystic River and the Fishers Island Sound, marinas such as Mystic River State Boat Launch, Seaport Marine, Gwenmor Marina, Mystic Shipyard East, Mystic Yacht Yard / Safe Harbor Marina, as well as many others, are all in close proximity. Major national tenants within the immediate area include: McDonald’s, Starbucks, Dunkin Donuts, Domino's Pizza, Friendly’s, Cask’n Keg, as well as many more. The subject property also benefits from its direct proximity to Interstate-95 and centralized location around countless hospitality accommodations including: Hilton, Hyatt Place, Holiday Inn Express, Howard Johnson by Wyndham, Econo Lodge, Hampton Inn & Suites, Residence Inn by Marriot, Quality Inn, Days Inn By Wyndham and more. The Mystic Aquarium is also located just across from the subject property. Mystic Aquarium is one of three U.S. facilities holding Steller sea lions, and it has the only beluga whales in New England. The subject property is situated on the corner of Maritime Drive and Coogan Blvd. Coogan Blvd run directly into Greenmanville Ave which boasts an average daily traffic counts exceeding 18,800 vehicles. Additionally, Greenmanville Ave serves as an access road to Interstate-95, which brings an additional 64,000 vehicles per day into the immediate surrounding area. There are more than 31,900 individuals residing within a five-mile radius of the subject property and more than 142,500 individuals within a ten-mile radius of the property. Mystic is a village and census-designated place (CDP) in Groton and Stonington, Connecticut. Historically, Mystic was a leading seaport of the area, and the story of Mystic's nautical connection is told at Mystic Seaport, the nation's largest maritime museum which has preserved a number of sailing ships, most notably the whaling ship Charles W. Morgan. The village is located on the Mystic River, which flows into Long Island Sound, providing access to the sea. The Mystic River Bascule Bridge crosses the river in the center of the village. According to the Mystic River Historical Society, the name "Mystic" is derived from the Pequot term "missi-tuk", describing a large river whose waters are driven into waves by tides or wind. The village is a major New England tourist destination. It is home to the Mystic Aquarium & Institute for Exploration, known for its research department, concern with marine life rehabilitation, and its popular beluga whales. The business district contains many restaurants on either side of the bascule bridge where U.S. Route 1 crosses the Mystic River. Local sailing cruises are available on the traditional sailing ship Argia. Short day tours and longer evening cruises are available on the 1908 steamer Sabino departing Mystic Seaport.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
STON-000150-000001-000028A
Land Assessment
$1,774,989
Improvements Assessment
$2,458,438
Total Assessment
$4,233,427
  • Listing ID: 15475521

  • Date on Market: 2019-03-18

  • Last Updated:

  • Address: 9 Maritime Dr, Mystic, CT 06355

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