Report provided by CERC SiteFinder http://cerc.ctsitefinder.com

Property Details

Street Address 0 Rte. 12 (Military Highway) City Groton County New London Type of space Retail Zipcode 06349 Site/Building Name United States Government Min SubDivide 3.5 Available 4.34

Contact Information

Company Southeastern CT Enterprise Region (seCTer)

Contact Name

Deborah Donovan

Address 190 Governor Winthrop Blvd City New London State CONNECTICUT Phone 860-437-4659 x 202 Fax 860-437-4662 Email ddonovan@secter.org Website www.secter.org

Transportation Access

Nearest Airport T.F. Green, Providence (PVD)

Distance to Nearest Airport

45 miles

Distance to Commuter Rail 3 miles Distance to Interstate 1 mile Interstate Name I-95 Port No Rail Not available

Utilities

Electric Yes Gas Yes Networked Yes Sewer Yes Sewer Type Sewer Telecom Yes Water Yes Water Type Public

Availability

Ground Lease 1 Price Per Acre 0 For Lease Yes

Building Details

Multi-Family No

Additional Information

Former Name

United States Government

Targetted Community

No

Property Web Address

navyeul.com/projects/new_london_se_corner_lot/

Assets

QuickTracts (Needs CERC Paperwork) No Enterprise Zone No

Notes

Navy Enhanced Use Lease is seeking developer for 4.34 acre site at junction of Crystal Lake Rd and Rte. 12 in Groton, CT. Site has excellent access to main highway (I-95) and is located on the Southeast corner of Naval Submarine Base New London. A Phase I market and feasibility study has been conducted for the site that currently contains existing surface parking and two out of service barracks that are scheduled for demolition. Traffic counts at site = 14,400 VPD. Captive Navy Market of more than 7,500 military personnel, approx. 12,000 family members, 12,000 retirees, 1,400 civilian employees and over 1,000 civilian contractors. Excellent site for Family oriented development.

The Navy Enhanced Use Lease office is holding a one day Industry Forum on May 20, 2009 starting at 8:00am atthe Mystic Hilton (20 Coogan Blvd. Mystic) to present the full scope of this EUL opportunity. The forum will include a bus tour of site. Lunch will be provided. To register visit the web site for this site (listed below).

EUL-USN

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NEW LONDON CORNER LOT EUL RYSTAL AKE D OUTE C L R . & R 12

Groton, CT – New London County

PROPERTY HIGHLIGHTS:

• Excellent visibility from Route 12 & Crystal Lake Road

• Captive Navy Market More than 70 tenant commands

and 7,500 military personnel Approximately 12,000 family

members and 12,000 retirees 1,400 civilian employees and over

1,000 civilian contractors • Traffic Counts: Crystal Lake Road =

14,400 VPD • Close proximity to Nautilus Museum

which attracts 175,000 visitors annually • Tourism – Mohegan Sun / Foxwoods

Casinos ENH

AN

CED

USE

LEA

SE

For More Information Call: Mondez Hollomon Dennis Stout 202-729-2114 202-729-2116 mhollomon@alvarezandmarsal.com dstout@alvarezandmarsal.com No warranty expressed or implied has been made as to the accuracy of the information provided herein, no liability assumed for error or omissions

DEMOGRAPHICS 1 Mile 3 Miles 5 Miles Population 5,476 40,032 82,133 Avg. HH Income $61,769 $61,716 $64,376 Households 1,138 14,635 32,041

For More Information Call: Mondez Hollomon Dennis Stout 202-729-2114 202-729-2116 mhollomon@alvarezandmarsal.com dstout@alvarezandmarsal.com

ENHANCED USE LEASE CRYSTAL LAKE RD. & ROUTE 12

SOUTHEASTERN CONNECTICUT AND RELATED DEVELOPMENT

NAVAL SUBMARINE BASE NEW LONDON

CONNECTICUT

THE SITE

A 4.34 -acre site that currently contains existing surface parking and two out-of-service barracks is being considered for possible retail restaurant/bar lounge development, under the U.S. Navy’s enhanced use leasing program. The site includes approximately .8 acres of wetlands and has no known environmental or unexploded ordinance issues. Buildings 442 and 447 are 35,068 sq. ft. and 51,273 sq. ft., respectively, and are scheduled to be demolished. This site has excellent access to the main highway and is located on the Southeast corner of Naval Submarine Base New London (“NSBNL”) in Groton Connecticut, about 50 miles east of New Haven.

THE OPPORTUNITY

Bounded by CT State Highway Route 12 to the east and Town of Groton Crystal Lake Road to the South, the site is east of Naval Submarine Base New London, the Historic Ship Nautilus and Submarine Force Museum and the Thames River. The property has good road access to and from Crystal Lake Road and Route 12, which has a traffic light at its intersection. Crystal Lake Road is the northern most edge of retail for Route 12. Downtown Groton is located approximately 5 miles from the site. Existing restaurant/bar locations around Naval Submarine Base New London are limited. Local demand and proximity to the base and the Nautilus Museum make the site a potentially desirable restaurant location. Residents and visitors currently patronize restaurants outside of the neighborhood because of the lack of sufficient retail to capture spending within the neighborhood.

THE SPONSOR

NSBNL is the United States Navy’s first Submarine Base. Today, the base supports approximately 700 submariners who man the 17 attack submarines home ported in Groton. The base currently occupies approximately 500 acres and has over 400 buildings, with the housing and support facilities for 10,000 active duty and civilian workers and their families. The base also supports more than 70 tenant commands including, Commander Submarine Group Two (CSG2), Naval Submarine School (SUBSCOL), Naval Submarine Support Facility (NFFS), three Submarine Squadron staffs, and the housing and support facilities for more than 21,000 civilian workers, active-duty service members and their families. The 4.34-acre site is being made available for a 50-year ground lease on land within the boundaries of the base under the U.S. Navy’s jurisdiction.

Prepared by Alvarez & Marsal for the Naval Facilities Engineering Command (NAVFAC) enterprise. Alvarez & Marsal is the enhanced use lease advisor to the US Navy on this Naval Submarine Base New London opportunity. For further information on Alvarez & Marsal, consult http://www.alvarezandmarsal.com