200-220 Hale Rd - Freestanding FOR SALE


Manchester, CT 06042- Robertson
$10,700,000 USD
332-345-2408
200-220 Hale Rd, Manchester, CT for Sale
$10,700,000 USD
Freestanding - FOR SALE
1/3
null | 9% Cap Rate

200-220 Hale Rd
Manchester, CT 06042
Robertson


HIGHLIGHTS

  • Proven Track Record and Commitment to this Location
  • Powerful National Brands | Regional Traffic Drivers
  • Absolute NNN Leases with 10% Rental Increase in Each Option Period
  • Excellent Demographics | Ideal for Home Furnishing and Entertainment
  • Directly Off Interstate-84 | Exceptional Real Estate Fundamentals
  • Premier Retail Corridor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,700,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashley Homestore & Urban Air Adventure Park

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.46 AC

LAND SF

412,078 SF

ZONING

CUD

APN/PARCEL ID

MANC-000056-002630-000200

ASK ABOUT THIS PROPERTY

Stewart HickeySurmountMore Info
332-345-2408

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Stewart HickeySurmountMore Info
332-345-2408

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