Listing Agency: Mark Greenberg Real Estate s***@jll.com Show Phone

Listed By: Mark Greenberg · License #NULL8 Show Phone

Source: Moodyscre

Added: May 23, 2024 Changed: Jul 6 Last Checked: Jul 30 at 3:49AM

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Investment Insights

Based on property information with market context.

This 38,625 square foot retail plaza is situated on 4.22 acres. Available spaces range from 1,550 square feet to over 10,000 square feet. The property offers parking at a ratio of 5 spaces per 1,000 square feet. Twelve Tesla charging stations are located at the adjacent property. The location is near numerous residential communities and is a proven area for tourism. It is located just off I-95 at Exit 90, adjacent to the Mystic Hilton, and across from both the Mystic Aquarium and Olde Mistick Village.

Key Highlights

• High‑traffic location: Just off I‑95 at Exit 90, across from Mystic Aquarium and Olde Mistick Village.
• Strong retail environment: Proven area for tourism with numerous nearby residential communities.
• Ample parking: 5 Spaces per 1,000 SF of Parking.

Property Analytics

Property Profile

Current Use

Empower Fitness Mystic ... Gym & Fitness Center Hubbell Premise Wiring Industrial Manufacturer Williams Brian L ... Pediatrician Erik G. Enquist, ... Physician Lawrence + Memorial Medical ... Medical Group

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Electrical Service Parking Lot & Garage Kitchen & Bath Showroom

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

$2.70 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

422

Businesses Nearby

112k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 28% Hotels & Casinos 14% Home Improvements & Furnishings 5%

McDonald's Dining

23,550 visits/mo 0.2 miles

Shell Shops & Services

19,340 visits/mo 0.3 miles

Starbucks Dining

15,627 visits/mo 0.0 miles

Dunkin' Donuts Dining

11,944 visits/mo 0.3 miles

Mobil Shops & Services

9,443 visits/mo 0.5 miles

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

Questions? Ask Rey

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What type of property is this? Where is this strip malls located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Retail spaces available in high-traffic Mystic location near I-95.

Where is this strip mall located?

The property is located at 23 Clara Dr Mystic, CT.

What is the lease rate?

The lease rate is $18 SF/Yr.

What are key features of this property?

This property features: High‑traffic location: Just off I‑95 at Exit 90, across from Mystic Aquarium and Olde Mistick Village.; Strong retail environment: Proven area for tourism with numerous nearby residential communities.; Ample parking: 5 Spaces per 1,000 SF of Parking.