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6,048 SF, Store Display Area: 583 SF. Acres: 8 bay garages. 0.57. Heating: Gas. Public Water & Sewer. Frontage: 120 Ft. Zone: C-1. Style: Service Shop. Also for Lease: $15/SF NNN, or 1,500 SF for $19/SF NNN.
Turn-key restaurant opportunity in heart of downtown. All equipment & furnishings stay. Seating for 100 on 1st floor; 60 on 2nd floor; 3rd floor vacant. Beautifully restored hardwood floors. Exquisite details in renovated 18th Century building. Owner did numerous upgrades including new refrigeration compressors, glycol system, Mitsubishi heating and cooling units. Also available to buy the business for $150,000 and lease at $4,000/month NNN.
Marcus and Millichap is pleased to present 698 Bank Street, New London CT. The subject property is a 14,206 square foot structure on a 1.47 acre lot, and is currently on a triple net lease with Walgreens. The property sits at the signalized corner of Bank Street and Shaw Street, and contains 1 point of ingress/egress on Bank Street and 2 on Shaw Street. Walgreens has 18 years left on the base term at this location, with the ability to renew the lease for up to 50 years thereafter. The subject is the only Walgreens in New London and benefits from its location in a strong retail corridor along Bank Street, which provides exposure to over 20,000 vehicles daily. Area retail includes Family Dollar, CVS, Western Union, Harley Davidson, Dominos, Firestone, Rite Aid, 7-Eleven, Dunkin Donuts, USPS, Citizens Bank, along with a multitude of local tenants. Located further down Bank Street (which turns into Boston Post Road) is a Super Stop and Shop, and a Benny' s (mid-sized North East operator, similar to Walmart concept) and Planet Fitness anchored center. The property is also a few blocks away from New London' s Waterfront District, an eclectic epicenter of art, music and culture.