Wallingford, CT; Stanley Schuckman and Matthew Colantonio of Schuckman Realty have secured the exclusive right to sell a 97,202 SF Shopping center on 13 acres at 1145 N. Colony Road, Wallingford, CT 06492.
The property is a multi-tenant Staples, Dollar Tree, and Goodwill anchored shopping center situated off the intersection of North Colony Road and South Broad Street in Wallingford, CT, 15 miles north of Downtown New Haven. All three national anchors are doing well and have longer term leases.
The approximately 97,202 SF neighborhood center is tenanted by a mix of national and local tenants, is currently 81% occupied, and has a +1-acre undeveloped pad site at grade at the northern entrance of the center offering investors significant value-add opportunities.
Neighboring tenants include Lowes, Home Depot, BJ’s, Aldi, Chick-fil-a, McDonald’s, WalMart, Stop N Shop, and many more.
Asking Price has been set at $9,000,000, $93/SF, and the Schuckman Realty Investment Sales Team has already received multiple offers within two weeks of marketing.
About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey and the surrounding tri-state area. Schuckman has developed a reputation as a leading retail broker and developer in the New York Metro area, with special expertise in developments, redevelopments, and renovations in all Five Boroughs of New York City and Long Island. As a strategic planner of retail stores, shopping centers and boutique projects, Schuckman has been responsible for tens of millions of square feet of leasing and development and has been hired by numerous national retail chains to facilitate macro–market penetration. We attribute our success to our intimate team’s proficiency in market analysis and site planning, in addition to tireless dedication and extensive experience from both sides of the table.
Keywords: Shopping Center for Sale, Investment Sales, Commercial Property for Sale