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Ashley & Urban Air 200-220 Hale Rd 93,251 SF 100% Leased Retail Building Manchester, CT 06042 $9,950,000 ($106.70/SF) 9.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NNN Leases | 6.75+ Years Remaining on Ashley & Urban Air
- Corporate Guarantee From Urban Air for First 5-Years of Lease
- Experienced and Growing Ashley Franchisee | Three Locations in Connecticut
EXECUTIVE SUMMARY
Long Term NNN Leases | 7.50+ Years Remaining on Urban Air
Full 10-Year Term on Ashley Strong Commitment to this Location
Experienced and Growing Ashley Franchisee | Three Locations in Connecticut
Corporate Guarantee From Urban Air for First 5-Years of Lease
NNN Investments | Tenants Reimburses Landlord for All Expenses
Full 10-Year Term on Ashley Strong Commitment to this Location
Experienced and Growing Ashley Franchisee | Three Locations in Connecticut
Corporate Guarantee From Urban Air for First 5-Years of Lease
NNN Investments | Tenants Reimburses Landlord for All Expenses
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
93,251 SF
Building Class
C
Year Built
1994
Price
$9,950,000
Price Per SF
$106.70
Cap Rate
9.15%
NOI
$910,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.23
Lot Size
9.46 AC
Zoning
CUD
Frontage
435’ on Hale Rd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MANC-000056-002630-000200 | Improvements Assessment | $2,718,500 |
| Land Assessment | $3,231,600 | Total Assessment | $5,950,100 |
PROPERTY TAXES
Parcel Number
MANC-000056-002630-000200
Land Assessment
$3,231,600
Improvements Assessment
$2,718,500
Total Assessment
$5,950,100
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Ashley & Urban Air | 200-220 Hale Rd
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