Building Details

Year Built 2005

Listing Agency: Signature Properties of N.E. Show Phone

Listed By: NORMAN PECK · License #RES.0528743 Show Phone

Source: Corcoran

Added: Oct 10, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:42AM

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Investment Insights

Based on property information with market context.

Knollwood Plaza offers a retail space opportunity within a modern shopping plaza. Anchored by a new Cumberland Farms, the property features a 1,000-square-foot space available for lease. The location benefits from an average daily traffic count of 6,800 vehicles. The property includes central air conditioning and is handicapped accessible. A large parking lot serves the plaza. The landlord may consider a relocation subsidy for an established business or tenant. The property is located at 188 Westminster Road, Canterbury, CT 06331.

Key Highlights

• Anchored by a new Cumberland Farms, driving consistent customer traffic.
• Last available 1,000 SF space in the plaza.
• High visibility with 6,800 Average Daily Traffic.

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Building Supply Carpet & Flooring Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Cumberland Farms Shops & Services

11,428 visits/mo 0.1 miles

Berkshire Bank Shops & Services

2,922 visits/mo 0.2 miles

Demographics for 06331, CT

5,085

Population

2,311

Households

2.2

Avg Household Size

46

Median Age

26%

College-Educated

93%

High-School Grad

40.8 sq mi

ZIP Area

125

Density / Sq Mi

$99,487

Median Household Income

$52,024

Median Earnings

$816

Median Rent

$294,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Strip mall - Retail space available in modern plaza anchored by Cumberland Farms.

Where is this strip mall located?

The property is located at 188 Westminster Road Canterbury, CT.

What is the lease rate?

The lease rate is $950/Mo.

What are key features of this property?

This property features: Anchored by a new Cumberland Farms, driving consistent customer traffic.; Last available 1,000 SF space in the plaza.; High visibility with 6,800 Average Daily Traffic.