REIT Sale | Former Boston Market | McDonald’s Adjacent | 17K VPD | Drive Thru | $111K Avg HH Income

Highlights:

• Freestanding Former Boston Market with Drive-Thru available at Significant Discount Below Replacement Cost
• 17,964 VPD Traffic Count Frontage and Visibility on E Main Street; 1/2 Mile from I-91 (+70K VPD)
• Nearby National Retailers: Lowe’s, CVS, McDonald’s, Burger King, Wendy’s, Stop & Shop, Target, Aldi, Santander, KFC, Taco Bell, Advance Auto Parts, Popeyes, TD, Subway
• Dense Demographics with 5-Mile Population of ±91,546 and Annual Household Income of ±$111,367
• Zoned C-3, Highway Commercial with a Variety of Permitted Uses
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction November 3-5, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2787/reit-sale-former-boston-market-mcdonald-s-adjacent-17k-vpd-drive-thru-111k-avg-hh-income?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2787

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 755 E Main Street in Meriden, CT 06450 (the “Property”). Formerly occupied by Boston Market, the Property is offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to secure a highly visible, strategically located asset adjacent to McDonald’s at a substantial discount. FIRST BID MEETS RESERVE!

Built in 1986, the Property consists of a ±3,400 SF single-story building on a ±0.56-acre parcel (±24,450 SF). Positioned next to a high-traffic McDonald’s, the site features 33 surface parking spaces, pylon signage, and ±118 feet of frontage along E Main Street with exposure to nearly 18,000 vehicles per day (VPD). Existing restaurant infrastructure supports immediate reuse, while zoning and visibility make it equally suited for retail repositioning or full redevelopment. Previously leased on a triple net (NNN) basis, the Property offers a strong value-add opportunity to re-lease at market rents (CoStar estimated retail rents: $19-$26/SF NNN). Zoned C-3 (Highway Commercial), the site accommodates a wide range of retail, service, and commercial uses, providing significant operational flexibility for future tenants or an owner-user.

Meriden is centrally located in Connecticut within New Haven County along the I-91 corridor, positioned between New Haven and Hartford, and serves as a key retail and commercial hub for the region. The Property benefits from frontage along East Main Street, one of Meriden’s primary commercial thoroughfares, with a Location Score of Good (57) and a Walk Score® of Very Walkable (75). The site offers outstanding freeway access via I-691 (Exit 8) and Route 15, and is less than a ½-Mi from I-91 (±70,000 VPD) with convenient connectivity to I-84, two of the state’s most heavily traveled highways. Situated in a dense retail corridor adjacent to McDonald’s, the Property is surrounded by a variety of QSRs including KFC, Taco Bell, Wendy’s, and Subway, complemented by national and regional retailers such as Stop & Shop, Walgreens, CVS, Lowe’s Outlet, and Comfort Suites. This concentration of tenants drives consistent consumer traffic. Additional demand drivers include Mid-State Medical Center (±156 beds, 1,200+ employees), Quinnipiac University (±9,000 students across nearby campuses), and a regional employment base spanning healthcare, education, and advanced manufacturing. The Property is located within the Meriden Submarket which services neighboring towns such as Wallingford, Middlefield, Middletown, and Cheshire, CT. The Property offers quick access to downtown Meriden (±5-min) and is within a short drive of major regional attractions such as Hubbard Park and the Meriden Mall/Target center. The surrounding 3-mile trade area is home to ±58,486 residents with an average household income (AHHI) of ±$88,474, while the 5-mile trade area expands to ±91,546 residents with an AHHI of ±$111,367—providing a robust consumer base to support retail, restaurant, and service-oriented operations.

Lamar P. Fisher
Fisher Auction Company Inc.
License: Internet Auctions Exempt from Licensing
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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