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Village Square 401 Monroe Tpke 1,118 - 3,382 SF of Retail Space Available in Monroe, CT 06468
Highlights
- Unit A-1A - 3 Exam Rooms, Private Bath, 2 Private Offices & Reception
- B-1 Zone (Retail/Office/Medical)
- 16,100 VPD
- Units A5/A6 - Open Floor Plan w/Private Baths Available
- Route 111 Frontage
- Excellent Visibility
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1-A | 1,145 SF | Negotiable | $20.78 CAD/SF/YR $1.73 CAD/SF/MO $23,791 CAD/YR $1,983 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste A5/A6 | 1,118-2,237 SF | Negotiable | $15.93 CAD/SF/YR $1.33 CAD/SF/MO $35,636 CAD/YR $2,970 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1-A
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
1st Floor, Ste A5/A6
Village Square Shopping Center at 401 Monroe Turnpike offers a compelling investment opportunity in the heart of Monroe, Connecticut. This established neighborhood retail center spans approximately 50,000 square feet and sits on a 5.84-acre parcel with direct frontage along Route 111, a primary commercial corridor with strong daily traffic counts. The property benefits from excellent visibility, ample surface parking with a ratio of 5.3 spaces per 1,000 SF, and a stable tenant mix that includes M&T Bank, St. Vincent’s Urgent Care, and other service-oriented businesses.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located along Route 111 with strong traffic counts
- Ample on-site parking
- Positioned within an affluent trade area
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Village Square
- Tenant
- Description
- US Locations
- Reach
- Connecticut Budo Karate
- Educational Services
- 1
- Local
- Honey Tree Preschool
- Daycare
- 1
- Local
- M&T Bank
- Finance Company
- 1,391
- International
- Pools Plus
- Sporting Goods
- 1
- Local
- St. Vincent's Urgent Care Center
- Health Care
- 20
- Local
- Thrive Dance Studio
- Arts, Entertainment, and Recreation
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Connecticut Budo Karate | Educational Services | 1 | Local |
| Honey Tree Preschool | Daycare | 1 | Local |
| M&T Bank | Finance Company | 1,391 | International |
| Pools Plus | Sporting Goods | 1 | Local |
| St. Vincent's Urgent Care Center | Health Care | 20 | Local |
| Thrive Dance Studio | Arts, Entertainment, and Recreation | 1 | Local |
Property Facts
| Total Space Available | 3,382 SF | Total Land Area | 4.00 AC |
| Min. Divisible | 1,118 SF | Year Built/Renovated | 1962/1989 |
| Property Type | Retail | Parking Ratio | 5.3/1,000 SF |
| Gross Leasable Area | 50,000 SF |
| Total Space Available | 3,382 SF |
| Min. Divisible | 1,118 SF |
| Property Type | Retail |
| Gross Leasable Area | 50,000 SF |
| Total Land Area | 4.00 AC |
| Year Built/Renovated | 1962/1989 |
| Parking Ratio | 5.3/1,000 SF |
About the Property
Prime medical, retail and professional office spaces are now available at Village Square Shopping Center, a 50,000 SF neighborhood center at 401 Monroe Turnpike, Monroe, CT. The well-established property offers excellent visibility and signage on Route 111, generous parking (5.3 spaces per 1,000 SF), high traffic counts, and strong co-tenancy with M&T Bank, St. Vincent’s Urgent Care, and other service tenants. Ideal for healthcare, retail, or professional users.
- Freeway Visibility
- Signage
Nearby Major Retailers
Contacts
-
Mick Consalvo -
Thomas Consalvo -
Joe Dimyan -
Michael Dimyan -
Tower Realty Corporation
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Village Square | 401 Monroe Tpke
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