377 Colman St New London, CT 06320

This offering features an approximately 4-acre assemblage wrapping two corners at Colman Street and Cedar Grove & Elm in New London, Connecticut. The property boasts over 345 feet of frontage on Colman Street, positioned across from Wendy’s, Dunkin', Taco Bell, and McDonald’s, and in close proximity to Burger King and Popeye’s. Other national brand tenants within a quarter-mile include Valvoline, Enterprise, Dollar General, and O’Reilly’s Auto Parts. The location is also less than half a mile from 17 new car dealerships, representing brands such as Chevy, Cadillac, Genesis, Hyundai, Mercedes Benz, BMW, Subaru, Audi, Toyota, Ford, Mazda, Volvo, Chrysler, Dodge, Jeep, Ram, and Lotus. The property is located right off Interstate-95. The assemblage includes two occupied buildings on Colman Street: a 2,228 square-foot single-level, single-tenant building, and a 3,873 square-foot single-level, two-tenant building. Additionally, there is a vacant former school building with over 30,000 square feet, suitable for redevelopment or teardown, located directly behind the other buildings with visibility and access on Cedar Grove Avenue and Elm Street. The current net operating income (NOI) covers all expenses associated with all subject properties.