Office Space
24 Park Lane Road New Milford, CT 06776
Details & Description
Price: $999,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, mixed-use, Heart & Paw investment property located in New Milford, CT. The offering is a two-story building, comprised of a commercial space on the first floor and two apartment units on the second floor. The property is currently 100% occupied, providing immediate cash flow for investors. The tenant, Heart & Paw, currently occupies the commercial space on the ground floor and has approximately 5 years remaining in their initial lease term with 2 (5-year) option periods to extend. The lease features rare 2% annual rental increases throughout the initial term starting in the third year and continuing into the option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by Heart & Paw, which is backed by $100 million from the Chicago-based private equity firm Waud Capital Partners. The lease is NNN with landlord responsibilities limited to repair and replacement of HVAC, plumbing systems, electrical and telecommunication systems, roof, and structure.
    Listing Agents
    Brian Wine

    O: 323-609-4405
    brian@thewinegroupre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    24 Park Lane Road

    New Milford, CT 06776

    Listing ID: 254398
    • 24 Park Lane Road New Milford, CT 06776 | for Sale | Photo 1
    • 24 Park Lane Road New Milford, CT 06776 | for Sale | Photo 2
    • 24 Park Lane Road New Milford, CT 06776 | for Sale | Photo 3
    24 Park Lane Road | for Sale | Thumbnail 1
    24 Park Lane Road | for Sale | Thumbnail 2
    24 Park Lane Road | for Sale | Thumbnail 3
    Building Size: 5,150 SF
    Lot Size: 2.000 AC
    Land Size: 87,120 SF
    Building $/SF: $193.98
    Land $/SF: $11.47
    Price
    $999,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, mixed-use, Heart & Paw investment property located in New Milford, CT. The offering is a two-story building, comprised of a commercial space on the first floor and two apartment units on the second floor. The property is currently 100% occupied, providing immediate cash flow for investors. The tenant, Heart & Paw, currently occupies the commercial space on the ground floor and has approximately 5 years remaining in their initial lease term with 2 (5-year) option periods to extend. The lease features rare 2% annual rental increases throughout the initial term starting in the third year and continuing into the option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by Heart & Paw, which is backed by $100 million from the Chicago-based private equity firm Waud Capital Partners. The lease is NNN with landlord responsibilities limited to repair and replacement of HVAC, plumbing systems, electrical and telecommunication systems, roof, and structure.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Bridgeport History of Office Space for Sale

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    New Milford Area Market Trends

    Listing Demographics for 24 Park Lane Road New Milford, CT 06776

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population3,43516,34328,709
    Population Median Age404142
    Population by Age0-9 Yrs379 (11%)1531 (9%)2730 (9%)
    10-19 Yrs342 (9%)2032 (12%)3387 (11%)
    20-29 Yrs555 (16%)2043 (12%)3395 (11%)
    30-39 Yrs392 (11%)2097 (12%)3338 (11%)
    40-49 Yrs383 (11%)1942 (11%)3425 (11%)
    50-59 Yrs595 (17%)2905 (17%)5128 (17%)
    60-69 Yrs457 (13%)2198 (13%)4251 (14%)
    70+ Yrs332 (9%)1595 (9%)3055 (10%)
    Median HH Income$64,895$81,134$88,729
    Total Household Income< 24K238 (17%)824 (12%)1168 (10%)
    25-49K326 (23%)1020 (16%)1755 (15%)
    50-74K204 (14%)1086 (17%)1734 (15%)
    75-99K243 (17%)1046 (16%)1797 (15%)
    100-199K282 (20%)1781 (27%)3412 (30%)
    200K+98 (7%)617 (9%)1422 (12%)
    Highest Education LevelNo Diploma1697271154
    Diploma or GED76232345329
    Some College52924193981
    Assoc. Degree1899281655
    Bachelors Degree46028595479
    Higher Degree30215713250
    Total Housing Units1,5087,14013,065
    --Owner-Occupied9164,6158,689
    --Renter-Occupied4741,7602,600
    Owner-Occupied Values< 100K122248359
    100-199K148622977
    200-299K33815682664
    300-399K20212682371
    400-499K404811019
    500K+664281299
    Total Working Age Population2,88813,52423,848
    In Work Force2,0169,82317,171
    Not In Work Force8723,7016,677
    Workforce Employed1,9239,38016,418
    Workforce Unemployed93443753
    Civlian Workforce2,0169,82317,171
    Military Workforce000
    Total Households1,3906,37511,289
    Family Households8124,2177,640
    Non-Family Households5782,1583,648
    Married Couple6833,4396,221
    Other Family1297781,420
    Married w/Child2691,3642,333
    Single Male w/Child2594167
    Single Female w/Child28263457

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Connecticut3,405,565+53,574,097+13,604,603+13,633,994
    Fairfield County882,567+4916,829-1907,603-1897,553
    Litchfield County182,193+4189,927-2186,611-3180,866
    New Haven County824,008+5862,477+1873,659+2891,371
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Dutchess County280,150+6297,488-2292,936-1290,338

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 24 Park Lane Road in New Milford?
    The asking price for 24 Park Lane Road is $999,000
    What is the building size of this Office property in New Milford, CT?
    The size of the building/unit at 24 Park Lane Road in New Milford is 5,150 square feet
    How much land does the New Milford, CT property at 24 Park Lane Road include?
    24 Park Lane Road in New Milford includes 2.000 acres of land
    What kind of Office is the propery at 24 Park Lane Road?
    The property at 24 Park Lane Road New Milford, CT 06776 is listed as a Medical Office property
    What is the population within 1 mile of 24 Park Lane Road in New Milford?
    The population within 1 mile of 24 Park Lane Road New Milford, CT 06776 is 3,435 people.
    Who do I contact for questions about 24 Park Lane Road?
    You should contact the listing agent, Brian Wine, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Bradley International Airport (BDL) 44
    La Guardia Airport (LGA) 61
    John F Kennedy International Airport (JFK) 69