Buckland Hills Portfolio 2 Retail Properties in Manchester, CT
INVESTMENT HIGHLIGHTS
- Shadow-Anchored By #1 Walmart in CT
- High-Volume Savers With Recent Long-Term Extension
- Affluent Trade Area - 131K People / $112K AHHI (5-MI)
- Fully Occupied With Opportunity to Recapture 24,812 SF in Short-Term
- Strategically Situated Within a Super Regional Retail Node
- Offered Below Replacement Cost
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to market for sale Crossroads III, a 67,706 SF Walmart shadow-anchored shopping center, located in Manchester, CT, and part of the Manchester Collection Shopping Center. Crossroads III is presently 100% leased to two long-term retail tenants and one specialty lease with 7.7 years of weighted average lease term remaining (63% leased excluding the specialty lease). The asset, which features a recently executed 10-year extension with Savers, offers investors the stability of a long-term anchor lease with significant future upside afforded by the mark to market opportunity to re-lease the 24,812 space which was previously leased to Ashley’s Furniture and is currently leased to the U.S. Furniture specialty tenant.
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 67,168 SF |
| Total Land Area | 9.72 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Namco Pools
430 Buckland Hills Dr, Manchester, CT 06042 |
Retail | 12,000 SF | 1995 | - |
|
Crossroads III at Buckland Hills
432 Buckland Hills Dr, Manchester, CT 06042 |
Retail | 55,168 SF | 1990 | - |
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