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Property profile & analytics
OFF-MARKET Estimated value $5,520,000
Grocery and convenience stores

275 Highland Ave Cheshire, CT 06410-2522

62,955 SF 2.76 ac lot Built 2002
Entity Owned 28-yr Hold Free & Clear
Property ID
US15-0325173
Property summary
AI-generated overview

This exceptional retail opportunity is located inside a high-traffic Stop & Shop grocery store, offering unparalleled visibility and access to thousands of weekly customers. The 475 square foot space boasts a prime, front-of-store location, ensuring maximum customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities, simplifying budgeting. Branding opportunities include both interior and exterior signage. This "Store-Within-A-Store" concept is situated in a thriving trade area with a desirable customer base. Ideal for businesses such as financial institutions, service businesses (e.g., pack & ship, repair services, dry cleaning), health and wellness providers (e.g., optical, chiropractors, weight management), insurance agencies, and real estate offices. Prohibited uses include food and beverage services, restaurants, and smoke shops. This location offers a unique chance to establish your business within a well-known and trusted grocery store environment in New Haven County, Connecticut. The space is currently vacant and ready for immediate occupancy. Multiple similar opportunities exist throughout Connecticut and New Jersey.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 62,955 SF
Lot 2.76 ac (120,226 SF)
Zoning code C-2
APN CHES M:57 B:251 L:
UPID US15-0325173
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • higi Physician
  • Stop & Shop Pharmacy Pharmacy
  • Western Union Bank Credit Union
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • Stop & Shop Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.97M
Blend (final) Blend
$5.52M
Owner & transaction history
Stacy Rlty Co · 28 yrs held
Stacy Rlty Co
since 1998
1 recorded transaction
1998
$310,000
Zoning & alternative use
C-2 · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $7.1M +3.9%
Office building $7.0M +2.4%
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