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.

Read more and view photos here

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