This portfolio offers an opportunity for the buyer to enter the rapidly developing corridor along Buckland Road. Nine building total on 12.3 acres of land offered at a cap rate of 7.9%. Significant construction completed and underway along this corridor.
Recent development near the property includes Costco, Whole Foods, Aldi, LL Bean, Goddard School, Chipotle, Shake Shack and Club Studio all located less than a mile away. All of Greater Hartford’s major medical service providers and hospitals have a presence in the immediate area as do many banks.
This portfolio offers an entry point into a rapidly expanding area.
The 497 Buckland Road building is a cape house that provides excellent redevelopment potential as a ground lease for a retail pad site user or for larger office/retail development. The site was approved in 2011 for a three-story 16,800 square foot brick medical/office building. That approval has since lapsed but could potentially be revived. A rendering of the previously approved building is shown below.