Ashley & Urban Air 200-220 Hale Rd 93,251 SF 100% Leased Retail Building Manchester, CT 06042 $15,672,021 CAD ($168.06 CAD/SF) 8.35% Cap Rate
INVESTMENT HIGHLIGHTS
- ? Long Term NNN Leases | 7.50+ Years Remaining on Ashley & Urban Air
- ? Corporate Guarantee From Urban Air for First 5-Years of Lease
- ? Experienced and Growing Ashley Franchisee | Three Locations in Connecticut
EXECUTIVE SUMMARY
Long Term NNN Leases | 7.50+ Years Remaining on Urban Air
Full 10-Year Term on Ashley
Experienced and Growing Ashley Franchisee | Three Locations in Connecticut
Corporate Guarantee From Urban Air for First 5-Years of Lease
NNN Investments | Tenants Reimburses Landlord for All Expenses
Ashley Ranked in the 83rd Percentile in Connecticut According to Placer.ai*
Recently Extended Lease to Full 10-Year Term | Strong Commitment to Site
Full 10-Year Term on Ashley
Experienced and Growing Ashley Franchisee | Three Locations in Connecticut
Corporate Guarantee From Urban Air for First 5-Years of Lease
NNN Investments | Tenants Reimburses Landlord for All Expenses
Ashley Ranked in the 83rd Percentile in Connecticut According to Placer.ai*
Recently Extended Lease to Full 10-Year Term | Strong Commitment to Site
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
93,251 SF
Building Class
C
Year Built
1994
Price
$15,672,021 CAD
Price Per SF
$168.06 CAD
Cap Rate
8.35%
NOI
$1,308,398 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.23
Lot Size
9.46 AC
Zoning
CUD
Parking
377 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
435’ on Hale Rd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MANC-000056-002630-000200 | Improvements Assessment | $3,906,485 CAD |
| Land Assessment | $4,643,809 CAD | Total Assessment | $8,550,294 CAD |
