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9 - 11 Covey Road - Apple Hill Commons, Burlington, CT

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9 - 11 Covey Road - Apple Hill Commons

Burlington, CT 06013 - Southwest Outlying Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1971
Building Size:8,450 SF Land Area:1.57 AC (68,389 SF)
For Sale Price:$775,000 Price/SF:$91.72
Cap Rate:9.50 %
Parking:37 Surface spaces are available; Ratio of 4/1,000 SF

Directions: Travel West on Route 4. Property is at corner of Route 4 and Covey Road. 9' clear height.

Sewer: Septic
Water: Well
Gas: N

Type of Heat: Electric
Volts: 240
Amps: 600
Phase: 1

Sale Notes:
Regions Commercial Real Estate Advisors exclusively presents For Sale, Apple Hill Commons, an 8-unit Retail Strip Mall, fully-occupied investment property with 8,450 SF on 1.58 Acres in the Farmington Valley (median household income of $122,000 within a 3-mile radius). An additional 1.57 Acres of contiguous land is also available for an additional $100,000.

Located on the corner of Spielman Highway, this property has a diverse Tenant Mix including a Dentist, Daycare, Flooring Retailer, Hair Salon, Counseling, Tax Accountant, and more with Long-term leases on the largest tenants.

Recent improvements include a new roof, select upgraded HVAC, new building signage and more.

Actual cap rate: 9.5% with a NOI of $73,802, and annual increases on largest tenants.

Regions Commercial LLC
Michael Guidicelli
(860) 854-6500

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