Operating

Bob's Discount Furniture

This 35,000-square-foot retail building is fully leased to Bob’s Discount Furniture and sits on North Frontage Road in New London, directly along Interstate 95 with highway visibility and a large pylon sign. The store opened in 2019 as a build-to-suit on a long-vacant site behind the New London Mall, replacing a former Chuck E. Cheese and returning a blighted parcel to productive use.

New London is the commercial center of southeastern Connecticut, and the I-95 corridor here serves a broad trade area that includes Groton, Waterford, Ledyard, and Montville, as well as the region’s major employers — Electric Boat, Pfizer, the Naval Submarine Base, and the Mohegan Sun and Foxwoods casinos. The Bob’s location is the retailer’s only store in the region, drawing customers from across New London County.

Location

389 North Frontage Road, New London, CT 06320

Project Type

Retail

Current Status

Operating

BROKER CONTACT INFO

leasing@levylegacygroup.com

617-539-6954

Project Photos

Site plan

Demographics

1 Mile 3 Miles 5 Miles
Population
Population (2020 Census) 7,457 45,702 81,881
Population (ACS 2020–24 est.) 6,899 44,822 81,545
Median Age 36.0 34.6 37.2
Under 18 14.0% 17.6% 18.2%
Ages 25–44 27.3% 27.2% 27.2%
65 and Over 15.0% 14.8% 18.1%
Households
Households 2,983 18,463 34,398
Persons per Household 2.31 2.43 2.37
Housing Units (2020 Census) 3,079 19,462 37,151
Owner-Occupied 38.0% 44.5% 52.0%
Median Home Value (approx.) $253,176 $287,341 $318,736
Income
Median Household Income $64,113 $70,416 $80,074
Average Household Income $84,214 $87,666 $98,123
Per Capita Income $38,819 $38,088 $42,801
HH Income under $50K 33.3% 36.4% 31.9%
HH Income $100K+ 26.1% 30.6% 36.3%
HH Income $150K+ 10.0% 14.5% 19.0%
Education & Employment
Bachelor’s Degree or Higher (25+) 24.1% 30.0% 36.1%
Unemployment Rate 8.3% 6.9% 5.9%

Map Location

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