Retail Property for Sale
West Haven, CT
Northeast Private Client Group is proud to present the Woodlawn Shopping Center located at 841-867 Jones Hill Rd in West Haven, CT.
The center is 31,150 SF on 1.08 acres of land, consisting of commercial ten (10) commercial/retail spaces and four (4) apartments. Also included in the sale is a separate parking lot on Platt Avenue for additional commercial customer parking. The roof is a 4-year-old flat rubber torch down roof and the structure is solid brick and masonry.
The commercial tenants include several extremely long-term tenants such as Subway, Sing’s Chinese Restaurant, Circle Pizza Restaurant, Randall’s Café, Duck Pin Bowling and a Martial Art’s Center.
This asset provides the opportunity to significantly grow the rent roll through both scheduled rent increases on the inplace leases and options as well as increasing the below market rents to market rates as leases expire. The apartments are also rented below market and with light unit renovation can be increased. Overall it is a stable, cash flowing property with tremendous upside.