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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
1.57 AC (68,389 SF)
For Sale Price:
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.
Type of Heat: Electric
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.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Regions Commercial LLC
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