For Lease
$47,500/SF/YR

37 Broad StStonington, CT 06379

Land lease, build-to-suit opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.8+ acre commercial land parcel presents a unique investment opportunity in the thriving Pawcatuck, Connecticut market. Located directly adjacent to the bustling Pawcatuck Shopping Center, anchored by Walgreens and Renegade Gym, this site boasts exceptional visibility and accessibility. The property benefits from a high daily traffic count exceeding 9,800 vehicles, ensuring significant exposure for any new development. A land lease is available at $38,000 per year on a Net, Net, Net (NNN) basis, offering a predictable income stream. Furthermore, a build-to-suit option allows for the construction of a custom-designed building tailored to specific business needs. The property owner also owns the abutting shopping plaza, presenting potential synergies for shared access, parking, and other amenities. An existing house, currently rented on a month-to-month basis, occupies the east side of the property. Detailed zoning regulations are available upon request. The property's strategic location on Route 1 (also known as South Broad Street) provides easy access and high visibility for businesses. This is an unparalleled chance to establish a presence in a vibrant commercial area with strong existing infrastructure and high traffic volume. Don't miss this opportunity to capitalize on this prime location.

Highlights

  • Land parcel totaling approximately 0.8 acres.
  • Single-tenant occupancy.
  • $38,000 annual net-net-net (NNN) ground lease available.
  • Build-to-suit option available.
  • Located adjacent to Pawcatuck Shopping Center (includes Walgreens and Renegade Gym).
  • High traffic count exceeding 9,800 vehicles daily.

Property Details for 37 Broad St

Property type
Land
RSF (Rentable sq. ft)
34,848 SF

Unit(s) available at that property

Space
Size
34,848 SF
Rate per SF
$47,500

Location Insight

City
Stonington
County
New London
State
Connecticut
Latitude
41.375192863364
Longitude
-71.845611928198
37 Broad St, Stonington, Connecticut

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37 Broad St
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