• Broker Justin Smith 6172393610
  • Broker Sam Koonce 6172393608

Buckland Hills Portfolio 2 Retail Properties in Manchester, CT

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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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ADDITIONAL PHOTOS

View Photo 432 Buckland Hills Dr

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