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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

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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100

Nearby Major Retailers

Starbucks
TD Bank
Teriyaki Madness
IHOP
LongHorn Steakhouse
Bj's Restaurant & Brewhouse
Sarku Japan
Cajun Cafe
Anytime Fitness
Big Y

Property Taxes

Property Taxes

Parcel Number
MANC-000056-002630-000200
Land Assessment
$3,231,600
Improvements Assessment
$2,718,500
Total Assessment
$5,950,100
  • Listing ID: 32378029

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 200-220 Hale Rd, Manchester, CT 06042

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