Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    143 Purdy Hill Rd Monroe, CT 06468

    Sponsored
    For Sale
    $4,900,000

    High-Income CT Location, 14+ Years Remaining

    Property size:
    5,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a newly constructed (2024), 5,300 square foot, triple-net (NNN) leased retail property in Monroe, Connecticut. The property boasts three highly-rated national franchise tenants: Chipotle, Jersey Mike's Subs, and Wayback Burgers, all under a 15.1-year lease commencing October 1, 2023, and expiring October 31, 2038, with 14 years remaining. Located on a 2-acre lot at a signalized intersection on a busy road with over 26,000 cars daily, this property benefits from a strong retail corridor including national brands like Stop & Shop, Big Y, McDonald's, and Panera Bread. The property enjoys 100% occupancy and a current Net Operating Income (NOI) of $269,500, translating to a 5.50% cap rate. The lease includes 10% rent bumps every five years, providing a built-in hedge against inflation. Situated in desirable Fairfield County, the property is a short drive from Bridgeport and benefits from an average household income exceeding $165,000 within a 3-mile radius. The asking price is $4,900,000 and is suitable for a 1031 exchange. Tenants are credit-rated, with franchisee and corporate guarantees.

    Property Features for 143 Purdy Hill Rd

    General Information

    Property type
    Restaurants
    Square Feet
    5,300 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Jersey Mike's Subs Sandwich Shop Chipotle Mexican Grill Mexican Restaurant Wayback Burgers Fast Food Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2241073
    Latitude
    41.3021687

    Nearby Similar for Sale

    • $895,000
      8,832 SF

      Mixed-Use Property in Monroe, CT

      Two-story building with retail space and potential for apartments.
      605 Main St, Monroe, CT 06468
      View Details
    • $2,366,000
      10,560 SF

      NNN Leased Retail Investment Property

      Retail property with NAPA Auto Parts and Webster Bank tenants.
      495 Monroe Tpke, Monroe, CT 06468
      View Details
    • Contact for pricing
      4,166 SF

      Main Street Restaurant and Apartments

      Restaurant with apartments for sale on Main Street.
      171 Main St, Monroe, CT 06468
      View Details
    • $95,000

      Inviting Office Condominium Unit

      Functional and stylish office space in a convenient location.
      324 Elm St, Monroe, CT 06468
      View Details
    • $949,900

      Block Farm Road Property

      Property at Block Farm Rd, Monroe, CT 06468 for sale.
      44 Block Farm Rd, Monroe, CT 06468
      View Details
    • $465,000

      Jockey Hollow Road Property

      Property at 161 Jockey Hollow Rd, Monroe, CT 06468.
      161 Jockey Hollow Rd, Monroe, CT 06468
      View Details
    • $1,200,000

      Monroe Specialty Property For Sale

      Specialty property available for purchase in Monroe, Connecticut.
      349 Spring Hill Rd, Monroe, CT 06468
      View Details
    • $675,000

      Monroe Specialty Property For Sale

      Specialty property available for purchase in Monroe, Connecticut.
      26 Freedman Ln, Monroe, CT 06468
      View Details
    • $740,995

      Legacy Lane Specialty Property

      Specialty property for sale on Legacy Lane, Monroe, CT.
      22 Legacy Ln, Monroe, CT 06468
      View Details
    • $734,995

      Legacy Lane Specialty Property

      Specialty property available for sale on Legacy Lane.
      14 Legacy Ln, Monroe, CT 06468
      View Details
    • $724,995

      Legacy Lane Specialty Property

      Specialty property for sale on Legacy Lane.
      13 Legacy Ln, Monroe, CT 06468
      View Details
    • $595,000

      Monroe Specialty Property Available

      Specialty property for sale in Monroe, Connecticut.
      999 Monroe Tpke, Monroe, CT 06468
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-Income CT Location, 14+ Years Remaining
    Where is this restaurant located?
    The property is located at 143 Purdy Hill Rd Monroe, CT.
    What is the asking price?
    The asking price for this property is $4,900,000.
    Request Owner's contact information
    143 Purdy Hill Rd Monroe, CT 06468
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    143 Purdy Hill Rd
    Monroe, CT 06468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    143 Purdy Hill Rd Monroe, CT 06468
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.