Fully Leased Downtown Retail Investment Property 102 Main Street New Canaan, Connecticut. Fairfield C o u n t y

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1 Fully Leased Downtown Retail Investment Property 102 Main Street New Canaan, Connecticut Fairfield C o u n t y

2 Executive Summary 102 Main Street represents a unique opportunity to acquire a fully leased, perfectly located retail investment property in the Magic Circle of downtown New Canaan. New Canaan is a very affluent town in Fairfield County s Gold Coast. It is known for its excellent public school system, its wide range of architecture from the Harvard Five modern homes to historic New England colonials and farmhouses, as well as a thriving town center with a number of national retailers, many local stores and excellent restaurants. All of this preserved its small town feel with an added touch of sophistication and character. In the past, New Canaan has been repeatedly nominated one of the best towns to live in the entire United States with a population under 25,000. The Median Household Income is $176,601: the Average Household Income is $283,718. This level of income is one of the highest in the entire nation. College graduates are a record 77.7% of the population. The 102 Main Street property is fully leased to four retail tenants, three of which have been at the property for the long term. The market advantage of this retail property is that it is located at the signalized corner of Main Street and East Avenue, a highly visible intersection with excellent pedestrian traffic. Two pedestrian crosswalks and the traffic light are directly in front of the property. Additionally, all four retail stores are small, allowing the tenants to be in business in a prominent location at a reasonable monthly rent in a premium market like New Canaan. The current ownership purchased the property 32 years ago in 1986 and improved it since then. These unique properties sell very infrequently, as they are a long-term hold: this generational purchase is now available only because the owner s family has grown and their interests have now changed. All information is subject to errors and omissions.

3 About the Property Address: 102 Main Street, New Canaan, CT Land Area: 0.03 Acres 1,402 SF Frontage: on Main Street on East Avenue Building Size: First Floor: 1,129 SF Second Floor: 759 SF Lower Level: 985 SF Total: 2,873 SF Zoning: Retail A located in the Magic Circle RE Taxes: $13, /2019 Year Sewer: $ Asking Price: $1,949,000 Permitted Uses: Retail, residence, office, restaurant Year Built: 1850 Renovated multiple times HVAC: Gas heat, central A/C, Forced air Roof: Flat, rolled composite All information is subject to errors and omissions.

4 102 Main Street New Canaan, CT East Avenue Downtown New Canaan Retail

5 That Personal Touch is a retailer that specializes in personalized gifts for corporations and individuals. It carries a wide variety of gifts and engraves them at the premises. Additional information at The Beach Corner specializes in women s swimwear, accessories and cruise wear. Their focus is personal service and an excellent shopping experience. Founded in Additional information at Ciel Eau Day Spa is a luxury spa that provides a full range of personal services such as cryoskin slimming, massage therapy, skincare, nails, waxing and tinting. Additional information at Dashi Custom Tailors specializes in tailoring and detailed alterations. It has excellent online reviews (Google). Tenants

6 View from Main Street

7 View from East Avenue

8 Survey

9 Zoning Map 102 Main Street New Canaan, CT

10 Zoning Regulations

11 Zoning Regulations

12 Zoning Regulations

13 Map 102 Main Street New Canaan, CT

14 For additional information, please contact: Franco Fellah Executive Vice President H K G r o u p Commercial Real Estate 253 Riverside Avenue W e s t p o r t, C T O: C: