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North Town Center Stratford, Fairfield County, Connecticut

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North Town Center Stratford, Fairfield County, Connecticut NORTH TOWN CENTER STRATFORD, FAIRFIELD COUNTY, CONNECTICUT - FREE AND CLEAR OF FINANCING - IN-PLACE NOI=$2,469,207 | YEAR 2 NOI= $2,797,375 | CAGR = 2.46% - 5 MILES: 250K PEOPLE, $80,000 AVERAGE HOUSEHOLD INCOME NORTH TOWN CENTER ROUTE 1 08 8 ROUTE 8 15 MERRITT PARKWAY 8 A PROPERTY OF EXCLUSIVELY OFFERED BY SECOND AVENUE DEVELOPMENT 102’ 25’ 27’ Cleopatra e F al Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively present r BU Nai SF ILD l and Sp S ING a S A Ca ent 5 se 19’ 5,700 56’ u D SF e SF y 1351 ,49 L cant Ho H3 Pet Su E 1 SITE PLAN 53’ H 1, st 6 SF p s ply uts 53’ Lobby e SF the sale of North Town Center, a ±114,696 square foot grocery- Va 426 3,528 , er SF rc rv SF 1 2,13 Upper pe Ha Leve 017 l Lobby , 015 Su 1 Clean 1, anchored shopping center located in Stratford, Fairfield County, Connecticut. Stratford is strategically located on the I-95 Corridor, Route 8 and the Merritt Parkway approximately 20 minutes from downtown New Haven, less than 60 minutes from Hartford, CT and just over 60 minutes from Manhattan, NY. North Town Center offers direct access to Connecticut’s Route 108 and Route 8, and is easily accessible from the Merritt Parkway. The property’s highly accessible Hallway/Lobby I BU location is further enhanced by its location across the street from L DING 64,216 SF Hawley Lane Plaza, a major regional shopping destination with strong B shadow anchors including Kohl’s and Target. HA WLEY HARTFORD LANE North Town Center serves the densely populated trade area of over 58’ North Town Wine & Spirit 8,300 SF 252,000 residents within a five mile radius of the property with an 25’ Upsale Re staurant 3,769 SF Vacant2 SF Upper Level 93 average household income of $80,000. 39’ n hris o Vacant C ructi nst SF 5,767 Co 1 SF Upsale Restaurant to take +/- 3,769 SF 95 ight s We cher 87 at 42’ Town W Fair Tire p 1,435 SF ratford 6,480 SF St e Grou 2 SF Stag95 ING C D 152’ North Town Center is anchored by Big Y and offers investors stability BUIL a Middletown First NiagarBank 84 226 SF with long-term leases among a diverse tenant base. Currently, the 4, 9 property is 91.3% occupied. 84 8 91 PROPERTY HIGHLIGHTS NEW HAVEN NEW YORK CONNECTICUT 95 Address: 225 – 475 Hawley Street HUDSON Stratford Rentable Square Feet: 114,696 Square Feet RIVER 15 Fairfield Occupancy: 91.3% 95 Acres: 13.34 Acres (581,092 SF) NEW YORK Stamford NEW JERSEY 287 Anchor/Credit Tenants: Big Y, First Niagara Bank 252,000 residents within a 5-mile radius Demos: with an average household income of over $80,000 Long Island In-Place NOI: $2,469,207 Year 2 NOI: $2,799,375 Manhattan NEW YORK CAGR: 2.46% Brooklyn INVESTMENT HIGHLIGHTS • Upside Potential: Generating CAGR of 2.46% through leasing vacancy. • Strong Demographics: Situated in affluent Fairfield County, North Town Center serves the over 252,000 residents within a five-mile radius of the property with an average household income of approximately $80,000. • Dynamic Location: The property offers direct access to Route 8 and Route 108 and is easily accessible from the Merritt Parkway. • Best In Class Shadow Anchors: The property is strategically located across the street from Hawley Lane Plaza, a major regional shipping destination with strong shadow anchors including Kohl’s, Target and Best Buy. • Secure Cash Flow: Currently, the Property is 91.3% leased to a diverse roster of tenants including Big Y Supermarket and First Niagara Bank. INVESTMENT JAMES KOURY JACKIE MEAGHER FINANCE PORTER TERRY ADVISOR SENIOR MANAGING DIRECTOR ANALYST ADVISOR DIRECTOR T. 617.848.1554 T. 617.848.1566 T. 617.848.1576 [email protected] [email protected] [email protected] ©2015 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff. Holliday Fenoglio Fowler, L.P. (“HFF”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change..
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