greenwich avenue greenwich, ct - RHYS

OFFERED FOR SALE
121
GREENWICH AVENUE
GREENWICH, CT
A 6,105± square foot, three story building
on Greenwich Avenue in Greenwich, CT.
For More Information Please Contact:
Christian Bangert
Cory Gubner
T: 203.653.1742
E: cbangert@rhysre.com
T: 203.653.1730
E: cgubner@rhysre.com
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121 Greenwich Avenue, Greenwich, CT
Summary
RHYS Commercial has been retained as the exclusive broker to sell 121 Greenwich
Avenue located in Greenwich, CT. The building size totals 6,105± sf and it sits on
6,251± sf of land. It is comprised of three stories, a ground level retail store of 3,563± sf,
two floors each consisting of 850± sf residential above, as well as 842± sf of basement
space. Well situated on the “The Avenue”, 121 Greenwich Ave sits directly between the
current Betteridge Jewelers and the newly constructed jeweler Shreve, Crump and
Low. The building falls within the CGBR zone.
The building is 100% leased by: Manfredi Jewels, who leases the entire ground floor
and two residential tenants, one each on the second and third floors. Since 1988,
Manfredi Jewels has been offering its exclusive Greenwich clientele an exquisite
collection of jewelry and fine timepieces with their most recent offerings now
being showcased in a newly remodeled contemporary setting. Greenwich Avenue
is one of the premier suburban retail streets in all of the U.S., housing such luxury brand
tenants as Tiffany’s, Hermes, Tory Burch, Ralph Lauren, Apple, Zara and Saks Fifth
Avenue. Retail rents are routinely north of $100 NNN per square foot and vacancy
rates are consistently in the low single digits. The second and third floors are also highly
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Summary
desirable to residential users alike, allowing tenants immediate walking access to the
Greenwich Train Station and a short 40 minute commute to Grand Central Station.
The Opportunity
121 Greenwich Avenue represents an excellent opportunity for an investor to raise
rents in the future. The ground floor tenant is paying an annual rent that is far below
current market rents, as are the tenants in the two apartments above.
Sale Details
The Property is being offered for sale without a formal asking price. Once qualified
investors have had the opportunity to tour the property and thoroughly review the
complete offering memorandum, RHYS Commercial will schedule a “call for offers.”
If you are interested in receiving a full offering memorandum on the Property, please sign
the attached confidentiality agreement and email or fax it to:
Email: investments@rhysre.com | Fax: 203.653.1788 (Attn: Christian Bangert)
P.2
Retailer Streetscape - Greenwich, CT
121 Greenwich Avenue, Greenwich, CT
WEST PUTNAM AVENUE
EAST PUTNAM AVENUE
Greenwich Running
Chase Bank
Adam Cara Gallery
Peoples Bank
Boast
Abby M. Taylor Fine Art
Jacadi
Chipotle
Subway
Mac Inspires
Greenwich Health Mart
Citizen's Bank
AMOGERONE PLACE
Viggi Ltd.
AT&T
Lexington Clothing Company
Graham's Toy Store
Sephora
The Ginger Man
Vacant
Yoga Smoga
Courage B
Gabby
Trapp Optical of Greenwich
Steven Alan
CVS
Jonathan Alder
Roberta Roller Rabbit
Lilly Pulitzer
Janie & Jack
St. Claire
Casablanca
Lacoste
Betteridge Jewelers
Manfredi Jewelers
Giggle
Greenwich Phar macy
Shreve, Crump & Low
LEWIS STREET
CFCF Coffee
Stewart Weitzman
Vineyard Vines
LEWIS STREET
Lululemon Athletica
J. Crew
Vince
Tiffany & Co.
Joie
French Sole
Mar mot Mountain
St. Mary's Church & Parish Center
Lux Bond & Green
Vilebrequin
Club Monaco
Makerbot
Brooks Brothers
Sandro
Rag & Bone
Sweaty Betty
Chase Bank
Maje
Saks Fifth Avenue
BCBG Max Azria
Zara
Anne Fontaine
TD Bank
EAST ELM STREET
L'Occitaine
Baccarat
WEST ELM STREET
Bank of America
Lucky Brand
Dooney & Burke
Jack Wills
Calypso
Madewell
Sunglass Hut
Gap
Papyrus
Longchamp
GREENWICH
COMMONS PARK
Greenwich Board Of Education
ARCH STREET
Restoration Hardware
Chase Bank
GREENWICH
AV E N U E
For mer Restoration Hardware
Olivine Gabbro
Shoes & More
Tory Burch
Ralph Lauren
Kate Spade
Comptoir Des Contonniers
Michael Kors
Scoop NYC
Tumi
Her més of Paris
BRUCE STREET
Town of Greenwich Public Safety Complex
Arts Center
HAVEMEYER PLACE
Starbucks
Verizon
Benefit Cosmetics
LF Stores
Claire's
Inter mix
Diane B
Alice & Olivia
Ruby & Jenna
Versailes
Wish List
Splendid
Apple
Petticoat Lane
Juice Press
Free People
Meli-Melo
Michaelangelo of Greenwich
GRIGG STREET
Mediteranneo
Harvest
Eres
Steam
Samuel Owen Gallery
Winston F lowers
Le Pain Quotidien
Theory
Peoples Bank
RAILROAD AVENUE
Richards of Greenwich
FAWCETT PLACE
Oggi5
Pinkberry
Le Tarte
Alexis Bittar
Greenwich Salad Company
Brandy Melville
St. Moitz
Subway
Cavalier Galleries
RAILROAD AVENUE
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P.3
121 Greenwich Avenue, Greenwich, CT
Greenwich Avenue
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P.4
9 West Broad Street, 3rd Floor,
Stamford, CT 06902
T: 203.274.9800 | F: 203.653.1788
www.rhysre.com
Christian Bangert
Senior Vice President & Principal
T: 203.653.1742 | E: cbangert@rhysre.com
Cory Gubner
President & CEO
T: 203.653.1730 | E: cgubner@rhysre.com
RHYS intends that the information contained in this document is accurate.
Information contained in this document has been reviewed and approved
by RHYS; however, errors sometimes occur. Therefore, RHYS disclaims any
warranty of any kind, expressed or implied, as to any matter whatsoever
relating to this service. In no event shall RHYS be liable for any indirect, special,
incidental or consequential damages arising out of any use of or reliance on
any content or materials contained herein.
Confidentiality Agreement
The undersigned (hereinafter referred to as the “Buyer”), in consideration of the release of certain information (collectively, the “Evaluation
Material”) to it by RHYS Commercial (RHYS), hereby agrees to maintain confidentiality with respect to any and all information provided to
Buyer for use in the process of analyzing and evaluating the following property:
Property Address
121 Greenwich Avenue,
Greenwich, CT
Buyer agrees not to reproduce the Evaluation Material in whole or in part and to return it promptly if discussions are terminated. Any
additional information reasonably required with respect to the above will be provided by RHYS at the appropriate time and will be dealt with
by Buyer under the same standards of confidentiality as the Evaluation Material. This information and materials shall at all times remain the
property of RHYS.
Buyer agrees not to use all or any part of the Evaluation Material for any purpose that could be detrimental to RHYS, or Seller, and further
agree not to disclose or distribute the Evaluation Material to third parties or to agents, advisors, and other representatives of Buyer,
without the prior consent of RHYS. Buyer further agrees that it will advise those parties to whom the Evaluation Material is disclosed
of the requirement for confidentiality required by this Agreement. Buyer acknowledges that any violation of the foregoing obligation of
confidentiality could cause RHYS and/or Seller to suffer material and substantial damage and that RHYS and/or Seller may take any and all
actions reasonable and necessary to protect their interests.
The undersigned is acting in the capacity of buyer or finder or any similar capacity in connection with the proposed transaction contemplated
hereby, he/she is employed by the Principal and, therefore, neither the Seller nor RHYS shall have any liability to the undersigned for,
and the undersigned hereby waives any claim against Seller and RHYS with respect to, any broker’s commission, finders fee or any other
compensation with respect thereto.
Buyer further acknowledges that neither RHYS nor Seller makes any representations or warranties as to the accuracy or completeness of
the Evaluation Material and neither its or their officers, shareholders, or directors, shall have any liability to Buyer resulting from the use of
the Evaluation Material.
Agreed And Accepted
on this
day of
, 2015
Registered Potential Purchaser
Name
Company Name
Address
Phone
Fax
Email
Signature
When fully executed, please fax to: 203.653.1788 Attn. Christian Bangert or Email it to: investments@rhysre.com
www.rhysre.com