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Ashley Homestore & Urban Air Adventure Park 200-220 Hale Rd 93,251 SF 100% Leased Retail Building Manchester, CT 06042 $10,700,000 ($114.74/SF) 9% Cap Rate
Investment Highlights
- Proven Track Record and Commitment to this Location
- Absolute NNN Leases with 10% Rental Increase in Each Option Period
- Directly Off Interstate-84 | Exceptional Real Estate Fundamentals
- Powerful National Brands | Regional Traffic Drivers
- Excellent Demographics | Ideal for Home Furnishing and Entertainment
- Premier Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for an Ashley Homestore & Urban Air Adventure Park located at 200 & 220 Hale Rd, Manchester, CT 06042. The site consists of roughly 93,251 rentable square feet of building space on an estimated 9.46-acre parcel of land. This Ashley Homestore is subject to a 10-year Triple Net (NNN) lease, and Urban Air has approximately 5.5 years remaining on their NNN lease. The annual rent is $963,000 and has scheduled increases for each tenant at 10.00% in options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
93,251 SF
Building Class
C
Year Built
1994
Price
$10,700,000
Price Per SF
$114.74
Cap Rate
9%
NOI
$963,000
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
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
Contacts
-
Stewart Hickey -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
1 of 4
Videos
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Matterport 3D Tour
Photos
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Street
Map
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Ashley Homestore & Urban Air Adventure Park | 200-220 Hale Rd
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