91 Hale Rd
Manchester, CT 06042

Marcus & Millichap is pleased to present the Petco Anchored Center located at 91-101 Hale Road, Manchester CT. The subject property is a 36,150 square-foot shopping center comprised of two buildings on a 4.46 acre lot. The center is anchored by Petco and also features Leslie’s Pools Supplies and FastSigns. Petco has been operating on a NNN lease at this location for over 7 years and has a 9% rent increase in 3 years. Leslie’s Pool Supplies has been at this location for more than 22 years on a NNN lease and has the right to execute a five-year option term in two years. FastSigns is on a new 10-year NNN lease with a 10% increase in 2023. The Petco Center benefits from its position on Hale Road, which has an average daily traffic count of 19,000 vehicles. The center is also near I-84, which sees traffic counts over 127,000 vehicles per day. This center is situated in one of the most dense retail corridors in the state consisting of nearly all major national and local tenants. Located up the street from The Shoppes at Buckland Hills; a 1,180,000 sq. ft mall with over 140 stores; including six anchor stores Macy’s, JC Penny, Dick’s Sporting Goods, Sears and Barnes and Nobles. Additional area retailers include Home Depot, Lowe’s, Walmart, TJ-Maxx, Staples, Target, Dollar Tree, Michael’s, Party City, Dave & Buster’s, Best Buy, Marshalls, Stop & Shop, Trader Joe’s, GAP, Old Navy and many others. Within 3 miles of the property, there are 10 apartment complexes with over 2,700 apartment units. In addition to a strong surrounding population, there are 12 academic institutions within a 3 mile radius, with the most notable being Manchester High School which has a total enrollment of about 1,500 students. The surrounding area shows excellent demographics, with a population over 123,000 and an average household income over $93,000 within a five-mile radius. The offering presents a great opportunity to acquire a retail property with immediate upside and backed by three national tenants in a dominant retail corridor.