Single-Use Supermarket
For Sale
Contact for pricing
Pending
99 RIVER ROAD, Preston, CT 06351
Existing supermarket sits on approximately 3.75 acres off Exit 84 of I-395 in Lisbon, CT, with a long-term tenant in place.
Property Size25,000 SF
Lot Size3.75 Acres
Days on Market123
Property Features for 99 RIVER ROAD
General Information
Standard status
Pending
Size
25,000 SF
Lot size
3.75 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Net Leased Investment Company
Listed By:
Bob Fraser · License #FL BK3023711
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Aug 9 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Net Leased Investment Company
Investment Insights
Based on property information with market context.
Existing 25,000 sq. ft. supermarket is situated on approximately 3.75 acres directly off Exit 84 of Interstate 395 in Lisbon, Connecticut. The property is leased to Better Val U Supermarkets, Inc., which has operated at this location since the 1970s.
The tenant recently signed a new 10-year extension through 12/31/2027, with a 10% rent increase after year five. Lisbon Landing and the Crossing at Lisbon, which total approximately 1 million square feet of retail space, draw customers from a 15+ mile radius, supported by national retailers including Walmart, Target, Lowes, Home Depot, and Dick’s Sporting Goods.
The surrounding area is positioned near Foxwoods and Mohegan Sun casinos and major employers such as Pfizer Chemical and Electric Boat.
The tenant recently signed a new 10-year extension through 12/31/2027, with a 10% rent increase after year five. Lisbon Landing and the Crossing at Lisbon, which total approximately 1 million square feet of retail space, draw customers from a 15+ mile radius, supported by national retailers including Walmart, Target, Lowes, Home Depot, and Dick’s Sporting Goods.
The surrounding area is positioned near Foxwoods and Mohegan Sun casinos and major employers such as Pfizer Chemical and Electric Boat.
Key Highlights
- Existing 25,000 SF supermarket on approximately 3.75 acres off Exit 84 of I‑395 in Lisbon, CT
- Tenant Better Val U Supermarkets, Inc. has operated at the location since the 1970s
- New 10‑year lease extension through 12/31/2027
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06351, CT
15,609
Population
6,864
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
93%
High-School Grad
52.5 sq mi
ZIP Area
297
Density / Sq Mi
$84,107
Median Household Income
$46,649
Median Earnings
$1,115
Median Rent
$276,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Adams Hometown Market — 99 River Rd, Lisbon, CT 06351
- Better Valu Supermarkets — 99 River Rd, Lisbon, CT 06351
- Target Grocery — 195 River Rd, Lisbon, CT 06351
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing supermarket sits on approximately 3.75 acres off Exit 84 of I-395 in Lisbon, CT, with a long-term tenant in place.
Where is this grocery and convenience store located?
The property is located at 99 RIVER ROAD Preston, CT.
What are key features of this property?
This property features: Existing 25,000 SF supermarket on approximately 3.75 acres off Exit 84 of I‑395 in Lisbon, CT; Tenant Better Val U Supermarkets, Inc. has operated at the location since the 1970s; New 10‑year lease extension through 12/31/2027
