387-391 Ella Grasso Tpke - Auto Dealership FOR SALE


Windsor Locks, CT 06096- Enfield/E Windsor/Windsor Locks
$1,183,383 USD
512-338-7800
387-391 Ella Grasso Tpke, Windsor Locks, CT for Sale
$1,183,383 USD
Auto Dealership - FOR SALE
1/5
null | 6% Cap Rate

387-391 Ella Grasso Tpke
Windsor Locks, CT 06096
Enfield/E Windsor/Windsor Locks


HIGHLIGHTS

  • BrightView Has Occupied This Site Since 2017
  • Two Percent Annual Increases
  • Below Market Rents
  • Priced Below Replacement Cost
  • Extensive Asphalt Work Completed in 2019
  • No Renewal Options

OVERVIEW

Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to BrightView Landscape. The subject property consists of two buildings that total 23,055 square feet and five parcels that total 4.87 acres, on Ella Grasso Turnpike (Route 75) in Windsor Locks, Connecticut. There are over four years remaining on a double-net (NN) lease with two percent annual rent increases. There are no renewal options. Windsor Locks, Connecticut is a town in Hartford County that is known as a major transportation hub, housing Bradley International Airport and the New England Air Museum. Located on the west bank of the Connecticut River, the town is roughly midway between Hartford, Connecticut and Springfield, Massachusetts, with convenient access to Interstate 91. Key industries include aerospace (Collins Aerospace), manufacturing, and logistics, with major distribution centers for FedEx, UPS, and Honda. The Hartford metro is composed of three counties in the center of Connecticut, housing the state capital in Hartford proper and the University of Connecticut in Storrs. While known nationally for its role in the American insurance industry, Hartford has a diverse economic background, which includes aerospace, hydrogen/fuel cell technology, laser manufacturing and health care industries. BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States. BROKER OF RECORD: John Krueger 265 Church Street, Suite 210, New Haven, Ct 06510 (212) 430-5100 License #: REB.0752012

FOR SALE DETAILS

PRICE

$1,183,383 USD

PRICE/SF

$51 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BrightView Landscape

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

CROSS STREETS

King Spring Rd

LAND ACRES

4.87 AC

LAND SF

212,137 SF

ZONING

BUS1

APN/PARCEL ID

WINL-000003-000002-000289

ASK ABOUT THIS PROPERTY

Patrick DohertyMarcus & MillichapMore Info
512-338-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Patrick DohertyMarcus & MillichapMore Info
512-338-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.