Active
2045 Dixwell Avenue
Hamden CT, 06514
$8,500,000
$243.69 per sqft
Active
34,880 sqft
Commercial
Built in 2002
As exclusive agent, HLWD Commercial is pleased to offer a 100% Fee Interest in 2045 Dixwell Avenue, Hamden, CT for sale. This offering represents the opportunity for an investor to acquire a 34,880 SF dual tenanted CVS and Ashley HomeStore franchised location, including ample surface parking and a highly visible pylon located directly on Route 10, the start of the Miracle Mile. Ashley Furniture executed a lease at this location in 2023 at a below market rent as successor to Bed Bath & Beyond. The 10+ years left on its initial term followed by three five-year options. Ashley HomeStore corporate sees total revenue of more than $5.7 billion annually, has over 35,000 employees, and operates over 1,000 stores in 60 countries with 6,000 retail partners in 123 countries. CVS has approximately one year remaining in their initial term at a significantly below market rent with four (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across 49 states, the District of Columbia, and Puerto Rico. This property is located on the Miracle Mile which is home to most major national and regional retailers. Route 15 allows regional access to the site from area towns.
170593770
MLSⓇ ID
October 5, 2023
Listed
May 9, 2024
Updated
Map
2045 Dixwell Avenue
Hamden CT, 06514
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Lot Size
3.64 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$199,228
Tax Frequency
Annually
Days on Market
75
Garage
No
View
No
County
New Haven
Water Source
Public
Pool
No
Zoning
T5
Listed by Kenneth S. Ginsberg with Houlihan Lawrence WD
Listing Contact: 2037014848
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Data last updated on 5/9/2024 at 7:10 AM UTC