Lowe's Plaza
1094 N Colony Rd Wallingford , CT 06492-1728

Lowe's Plaza - retail for sale

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Overview



JLL Capital Markets is pleased to offer for sale Lowe’s Plaza in Wallingford, Connecticut. Anchored by a 160,000 square foot Lowe’s Home Improvement store with 12 years of remaining base lease term, the property is also occupied by several of the most desirable names in fast casual dining including Panera, Chipotle and Plaza Azteca, with an unowned Chic-Fil-A driving additional traffic to the site and confirming it as the premier location in the market. Lowe’s Plaza in Wallingford will appeal to investors seeking a stable, long-term term cash flow derived from national credit tenants and limited active operating requirements.

Investment highlights



176,000 SF, Lowe's anchored shopping center


Rarely seen weighted average lease term of 12.5 years


92% of in place cash flow derived from nationally recognized credit tenants

 

Limited landlord capital exposure due to Lowe’s ground lease plus Panera and Plaza Azteca's self-maintenance obligation


Institutional quality demographics with 115,000 people living within a 5-mile radius, generating an Average Household Income over $90,000


Aggressive debt terms available from a variety of lenders 


Clearly defined local demand and economic drivers


General
Property type Retail
Property subtype Shopping center
Tenure type Sale/Purchase
Property address 1094 N Colony Rd, Wallingford, CT 06492-1728
Building size 176,093  ft2
Year built 2007
Financial
Price Confidential
Cap rate Confidential
Current NOI $1,219,220.00
Lease

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