Value-Add Strip Center
For Sale
Contact for pricing
Pending
12 Coogan Blvd, Mystic, CT 06355
Value-add strip center in a sought-after New England location.
Property Size38,625 SF
Days on Market926
Property Features for 12 Coogan Blvd
General Information
Standard status
Pending
Size
38,625 SF
Total Parking Spaces
190
Property subtype
Retail
Occupancy
68%
Investment Type
Value Add
Building Details
Year Built
1989
Year Renovated
2023
Tenancy
Multi
Listing Agency:
JLL - Hartford, Connecticut
Listed By:
Shawn McMahon · License #CT - 0391581
(860) 214-2828
Source:
Crexi
Added: Feb 21, 2024
Changed: Aug 31
Last Checked: Aug 29 at 3:13PM
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 JLL - Hartford, Connecticut
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire Mystic Green, a strip center with approximately 38,625 square feet of space, located in Mystic, CT. The property is currently 68.4% leased, featuring a mix of nationally recognized tenants, including Morgan Stanley and Starbucks, alongside a selection of local businesses. Recent improvements include a facade renovation and roof replacement. The property has 13,454 square feet of remaining vacancy across 5 suites. Located in Mystic, CT, the property is near hotels, residential units, and tourist attractions such as the Olde Mistick Village, Mystic Seaport, and the Mystic Aquarium. The location benefits from its proximity to I-95 and the area's tourism activity, while also serving the local community.
Key Highlights
- Value‑add opportunity with 13,454 SF of vacancy and potential NNN lease conversions for cash flow growth.
- Located in Mystic, CT, a popular tourist destination near Olde Mistick Village, Mystic Seaport, and the Mystic Aquarium.
- Strong tenant mix with nationally recognized brands like Morgan Stanley and Starbucks (lease recently extended).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 22%
Hotels & Casinos 13%
Home Improvements & Furnishings 6%
McDonald's
Dining
23,550 visits/mo
0.4 miles
Shell
Shops & Services
19,340 visits/mo
0.4 miles
Starbucks
Dining
15,627 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,944 visits/mo
0.5 miles
True Value Hardware
Home Improvements & Furnishings
5,732 visits/mo
0.5 miles
Demographics for 06355, CT
12,835
Population
6,099
Households
2.1
Avg Household Size
52
Median Age
58%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
904
Density / Sq Mi
$132,367
Median Household Income
$63,321
Median Earnings
$1,722
Median Rent
$416,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Value-add strip center in a sought-after New England location.
Where is this strip mall located?
The property is located at 12 Coogan Blvd Mystic, CT.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Value‑add opportunity with **13,454 SF of vacancy** and potential NNN lease conversions for cash flow growth.; Located in Mystic, CT, a popular tourist destination near Olde Mistick Village, Mystic Seaport, and the Mystic Aquarium.; Strong tenant mix with nationally recognized brands like **Morgan Stanley and Starbucks (lease recently extended)**.
