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Regional Shopping Center on I-95
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351 N Frontage Road, New London, CT 06320

260k SF shopping center with high visibility and accessibility.

Space Size591 SF - 2,500 SF
Property Size259,566 SF
Days on Market1325

Property Features for 351 N Frontage Road

General Information

Standard status Active
Size 591 SF - 2,500 SF
Total Parking Spaces 1204
Property subtype Retail, Office

Building Details

Building Size 259,566 SF
Year Built 2000
Tenancy Multiple

Spaces For Lease

at 351 N Frontage Road Contact us

Suite 14

Size
2,305 SF
Type
Office, Retail
Availability
Active
Contact us

Suite 15

Size
1,071 SF
Type
Retail
Availability
Active
Contact us

Suite 20

Size
2,500 SF
Type
Office
Availability
Active
Contact us

Suite 23

Size
1,508 SF
Type
Office
Availability
Active
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Suite 25A

Size
2,322 SF
Type
Retail
Availability
Active
Contact us

Suite 7

Size
591 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: CBRE - Boston
Listed By: Josh Kulak · License #9054391
Source: Crexi
Added: Jan 21, 2023 Changed: Aug 27 Last Checked: Sep 7 at 2:25AM

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 CBRE - Boston

Investment Insights

Based on property information with market context.

New London Mall is a 260,000 square foot regional shopping center situated on N. Frontage Road, which runs perpendicular to I-95, providing maximum visibility. Anchored by Shoprite, Marshalls, Homegoods, and Petsmart, the center is a dominant retail destination in the county, featuring a mix of daily needs and regional offerings. Its location off I-95 provides access to Waterford, New London, Groton, East Lyme, Old Lyme, Stonington, Norwich, Salem, and Westerly, RI. The property is located 1 mile from Connecticut College and less than 2 miles from the US Coast Guard Academy.

Key Highlights

  • Anchored by strong tenants: Shoprite, Marshalls, Homegoods, and Petsmart.
  • Dominant regional shopping center offering a mix of daily needs and regional draws.
  • Located off I‑95, providing easy access to multiple towns in CT and RI.

Property Analytics

Current Use

Western Union Bank Therpay Psychotherapist Eliassen Group Consultant TagWorks (Bike/Boat/Book/etc) Store ATM Atm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Skin Care Clinic Storage Facility Carpet & Flooring Store HVAC Service Cafe & Coffee Shop

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

852
Businesses Nearby
162k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Apparel 31% Groceries 20% Home Improvements & Furnishings 19% Shops & Services 15%
Marshalls Apparel
47,142 visits/mo 0.4 miles
ShopRite Groceries
33,012 visits/mo 0.3 miles
HomeGoods Home Improvements & Furnishings
28,618 visits/mo 0.5 miles
Chili's Grill & Bar Dining
19,216 visits/mo 0.4 miles
PetSmart Shops & Services
12,657 visits/mo 0.3 miles

Demographics for 06320, CT

27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
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
Rey
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Similar Off Market Nearby

  • Hodges Square Shopping Center 399 Williams St, New London, CT 06320
  • New London Shopping Center 282 S Frontage Rd, New London, CT 06320
  • Coinstar Kiosk - Bitcoin ATM ShopRite of, 351 N Frontage Rd, New London, CT 06320

Frequently Asked Questions

What type of property is this?
Shopping center - 260k SF shopping center with high visibility and accessibility.
Where is this shopping center located?
The property is located at 351 N Frontage Road New London, CT.
What are key features of this property?
This property features: Anchored by strong tenants: Shoprite, Marshalls, Homegoods, and Petsmart.; Dominant regional shopping center offering a mix of daily needs and regional draws.; Located off I‑95, providing easy access to multiple towns in CT and RI.
(617) 912-6835 Call to check price and availability
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