Lowe's Plaza

Asset Type

Retail

Address
1094 N Colony Rd Wallingford, CT United States 06492-1728
Asking Price

Contact for pricing

Sq Footage

176,093

Year Built

2007

Cap Rate

N/A

Additional Attributes

Property Description

JLL Capital Markets is pleased to offer for sale Lowe’s Plaza in Wallingford, Connecticut. Anchored by a 160,000 square foot Lowe’s Home Improvement store with 12 years of remaining base lease term, the property is also occupied by several of the most desirable names in fast casual dining including Panera, Chipotle and Plaza Azteca, with an unowned Chic-Fil-A driving additional traffic to the site and confirming it as the premier location in the market. Lowe’s Plaza in Wallingford will appeal to investors seeking a stable, long-term term cash flow derived from national credit tenants and limited active operating requirements.

Investment Highlights

176,000 SF, Lowe's anchored shopping center


Rarely seen weighted average lease term of 12.5 years


92% of in place cash flow derived from nationally recognized credit tenants

 

Limited landlord capital exposure due to Lowe’s ground lease plus Panera and Plaza Azteca's self-maintenance obligation


Institutional quality demographics with 115,000 people living within a 5-mile radius, generating an Average Household Income over $90,000


Aggressive debt terms available from a variety of lenders 


Clearly defined local demand and economic drivers


Listing Contacts
Nat Heald
Nat Heald
EVP, Capital Markets
+65 3159 4021
MA - 9088276
Chris Angelone
Chris Angelone
Managing Director, Captl Mkts
+65 3159 4021
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