786 Enfield Street FOR SALE. Enfield, CT. Mountain Laurel Shoppes CONTACT INFO: Indrek Buttner
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1 FOR SALE Mountain Laurel Shoppes 786 Enfield Street Enfield, CT CONTACT INFO: Indrek Buttner Hugh Schnip x 208 hschnip@naielite.com
2 Executive Summary Summary NAI Glickman Kovago & Jacobs is pleased to present for sale the fee simple interest in Mountain Laurel Shoppes, a three building neighborhood shopping center located on Enfield Street (Route 5) in Enfield, CT. Mountain Laurel Shoppes is strategically located on the high visibility signalized corner of Enfield Street and Alden Avenue, just minutes away from I-91, 20 miles north of Hartford, CT and 8 miles south of Springfield, MA.
3 Investment and Property Details Investment Highlights Sales Price: $2,495,000 CAP Rate: 7.3% Location: Highly visible signalized corner centrally located in a retail corridor. Strong traffic count: ADT15,800 Strong demographics: More than 84,000 people live within a 5-mile radius with an average household income of more than $91,000 Proximity: Easy access to I-91. Less than 3/4 mile from Thompsonville Intermodal Transit Center (bus and train service) slated to open in Close to Springfield, MA and Hartford, CT Property Details Tenants Total Building Area Subway Restaurants, Inc. UNail Spa, Creative of Enfield, Inc., OMI Oriental Grocery, Enfield Fitness, Capital Workforce Partners, Inc., State of Ct., OnPoint Connections LLC, Enfield Food Shelf, Inc. 25,773 SF 786 Enfield Street 20,476 SF (built 1947, renovated 1989) 780 Enfield Street 1,305 SF (built 1955) 96 Alden Avenue 3,992 SF (built 1955) Zoning Land Parking BG-Business General 3.02 Acres 169 Spaces
4 Demographics and Statistics ALDEN AVE ENFIELD STREET 1 Mile 3 Mile 5 Mile Population 9,041 35,766 84,347 No. of Households 3,764 24,607 31,190 Average Income $63,678 $81,809 $91,831 Average Daily Traffic (2012) 15,800 * Information gathered from Alteryx.com. US 2010 Census.
5 AREA RETAIL Mountain Laurel Shoppes ENFIELD ST REET ELM STREE T MAJOR EMPLOYERS IN ENFIELD MassMutual 100 Brightview Meadow Blvd. Transit Center 33 North River St. Lego Systems, Inc. 555 Taylor Road Brooks Brothers 100 Phoenix Street
6 About Enfield The Ideal Spot DEMOGRAPHICS Population 44,699 Median Income $68,356 Median Home Price (county) $256,000 Unemployment Rate 5.3% Enfield is a town in Hartford County, Connecticut, United States. The population was 44,654 at the 2010 census. It is bordered by Longmeadow, Massachusetts and East Longmeadow, Massachusetts to the north, Somers to the east, East Windsor and Ellington to the south, and the Connecticut River (towns of Suffield and Windsor Locks) to the west. Enfield is home to Mass Mutual and plastic toy manufacturer Lego. Mountain Laurel Shoppes is in the Thompsonville section of Enfield. Thompsonville is undergoing a targeted economic reinvestment and reinvigoration effort as part of the Town of Enfield s Transit Oriented Development Plan (detailed below). Available online at
7 NAI Locations Global Locations United States Alabama Birmingham Huntsville Mobile Arizona Tucson Phoenix Arkansas Little Rock Rogers West Memphis California Commerce Irvine lake Tahoe Los Angeles Modesto Murrieta Oakland Ontario Oxnard Palm Desert Pasadena San Clemente San Diego San Francisco San Gabriel Valley San Jose Simi Valley Stockton Torrance Valencia Victorville Visalia West Los Angeles Westlake Village Colorado Avon Colorado Springs Denver Connecticut Darien West Hartford District of Columbia Washington Delaware New Castle Florida Boca Raton Cape Canaveral Doral Fort Lauderdale Ft. Myers Jacksonville Miami Ocala Orlando Panama City Pensacola Seminole Stuart Tallahassee West Palm Beach Georgia Atlanta Savannah Hawaii Honolulu Lihue Idaho Boise Illinois Chicago Springfield Indiana Fort Wayne Indianapolis Iowa Cedar Rapids Coralville Davenport Sioux City West Des Moines Kansas Overland Park Topeka Wichita Kentucky Lexington Louisville Louisiana Alexandria Baton Rouge Lafayette Lake Charles Monroe New Orleans Maine Portland Maryland Baltimore Columbia Lanham Massachusetts Boston Springfield Worcester Michigan New Mexico Detroit Grand Rapids Lansing Southfield Albuquerque Deming Las Cruces Santa Fe Minnesota New York Minneapolis Albany Melville New York City Rochester Westchester Missouri St. Louis Mississippi Gulfport Jackson North Carolina Pennsylvania Allentown Lancaster Lemoyne Philadelphia Pittsburgh Reading Southampton Wayne Wilkes-Barre Wyomissing South Carolina Charleston Columbia Greenville Hilton Head Billings Bozeman Missoula Asheville Burlington Charlotte Greensboro Raleigh Nebraska North Dakota Sioux Falls Ohio Chattanooga Clarksville Knoxville Memphis Nashville Montana Lincoln Omaha Fargo Nevada Carson City Las Vegas Reno New Hampshire Bedford Portsmouth New Jersey Hackensack Mt. Laurel Parsippany Piscataway Princeton Toms River Akron Canton Cincinnati Cleveland Columbus Dayton Toledo Oklahoma Oklahoma City Tulsa Oregon Bend Portland Redmond South Dakota Tennessee Texas Austin Corpus Christi Dallas El Paso Fort Worth Harlingen Houston Laredo McAllen San Antonio Temple Texarkana Utah Salt Lake City St. George Vermont Burlington Virginia Brambleton Hampton Roads Roanoke Richmond Vienna Washington Bellevue Kennewick Seattle Spokane Tacoma Vancouver Wisconsin Appleton Madison Milwaukee 1 Mercantile Street Suite 510 Worcester MA naiglobal.com
8 About Our Company Experience and dedication are non-negotiable Your business is our business. Personalized service and collaborative teamwork form the core of our philosophy. NAI Glickman Kovago & Jacobs, a member of NAI Global (the World s largest managed real estate network), is a full service commercial real estate company serving the heart of the Commonwealth with innovative solutions, unparalleled service and a commitment to quality, excellence and the client s complete satisfaction. NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. Glickman Kovago & Jacobs 1 Mercantile Street Suite 510 Worcester, All information regarding property for sale or lease is from sources deemed reliable. While we do not doubt its accuracy, we have not verified it and make no warranty or representation to the accuracy thereof and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale or lease or withdrawal without notice. Any projections and assumptions are used for convenience and example only and glickmankovago.com do not represent actual future performance. You and your trusted advisors should independently verify all information and projections. 1 Mercantile Street Suite 510 Worcester MA
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