Clinton Proposed Development Opportunity

To Be Built Proposed Development Opportunity 7,600 SF Retail Space. On 3.1122 acres traffic count 10,200, 300 ft frontage, abuts Walgreens, at signalized intersection, in B-4 zone business district Agent is Owner

Bozrah FOR LEASE – 1st & 2nd Floor Retail/Office Space

First Floor:
$1,500/month Gross + Utilities
~1,500 SF w/ reception window & lobby area, open floor concept.
Three
offices/rooms
Second Floor:
$900/month Gross + Utilities
~840 SF w/ two offices and file room.
Located just over Norwich
town line
Easy access to I-395
Traffic Count: 6,300 ADT
Other Tenants: Bozrah Pizza, Currie’s Plumbing & HVAC, Small Jay CPA

Waterbury 2 Spaces w/ possible Drive Thru

FOR LEASE $15/SF plus NNNs – (2) Spaces: 2,000 SF endcap w/ possible drive thru and 1,500 SF inline space – Spaces could be combined for a total of 3,500 SF – Brand new fit out in vanilla box condition, plug and play design – Each space has its own bathroom – Owner willing to do a build-to-suit for a TBD price depending on credit strength & lease terms

Danielson 2,975 SF Office/Retail former Medical Clinic Space

In a General Commercial Zone located 580 feet from I-395 and between routes 12 & 395. Ample parking, (144 spaces) co-tenants include a nail spa, Danielson Pharmacy, Community Health Resources, USDA, and others. Conveniently located right off Exit 38 I-395 and near national credit tenants. Grade level, 10′ clear to bar joist, Ample parking Approximately 144 spaces total, Gas Heat, Next to Danielson Pharmacy, Next to Community Health Resources

Westbrook Commercial building on Route 1.

Commercial building on Route 1. 3,344 SF on 1.03 acres. There is an enclosed and open porch. There is also a basement.
Potential uses include: Retail Store, Mixed Use, Sit-down Restaurant, Business/Professional Office,
Boarding/Lodging/Rooming, Vehicle Renting/Leasing or a Three-family Dwelling.

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Lyman Guide

Ways to Financially Analyze a Commercial Real Estate Investment

Commercial real estate (CRE) is a numbers game

So, financial analysis is the foundation for making informed commercial real estate decisions

  • Helps you evaluate financial performance, investment return, property values
  • Helps you arrive at the value of a purchase, compare purchase options

Key measures

  • Net operating income (NOI)
    • NOI = gross income — operating expenses
    • Lenders use this to determine the maximum loan amount they’ll approve
  • Debt-service-coverage ratio (DSCR)
    • DSCR = NOI / annual debt service
    • Tells you the cash flow available to service the property’s debt
    • DSCR of 1.25 or higher normally adequate for a CRE investment
  • Capitalization rate (cap rate)
    • Cap rate = NOI / property’s market value
    • Used to determine the rate of return expected on an investment property
    • Can also calculate a property’s value based on a desired rate of return, using the following formula:
      • Property value = NOI / cap rate
    • Useful for comparing the relative values of alternative CRE investments
    • Higher cap rate generally indicates a higher return, but also, typically, a higher risk
  • Return on Investment (ROI)
    • REI = NOI / amount invested
    • The higher the ROI, the better the investment
  • Cash-on-cash return (CoC)
    • CoC = annual pretax cash flow / total cash invested
    • The higher the CoC return, the better the investment