Real Estate
Monroe Commercial Property Listed For $4.9 Million
The building currently has leases with three nationally known eateries, according to Crexi.com.
MONROE, CT — A newly constructed retail property at 143 Purdy Hill Rd is on the market for $4.9 million, according to Crexi.com. This 5,300-square-foot building houses Chipotle, Jersey Mike's, and Wayback Burgers, all under NNN leases with a 5.5% cap rate.
Key Features:
- Located at a signalized intersection with over 26,000 cars per day.
- Situated in a strong retail corridor near Stop & Shop, Big Y, McDonald's, and Panera.
- Average household income within a 3-mile radius exceeds $165,000.
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