Ashley & Urban Air | 200-220 Hale Rd
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Ashley & Urban Air 200-220 Hale Rd
93,251 SF 100% Leased Retail Building Manchester, CT 06042 $11,375,000 ($122/SF) 8% 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
$11,375,000
Price Per SF
$122
Cap Rate
8%
NOI
$910,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.23
Land Acres
9.46 AC
Zoning
CUD
Parking
377 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
435 FT 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 | $2,718,500 |
| Land Assessment | $3,231,600 | Total Assessment | $5,950,100 |
PROPERTY TAXES
Parcel Number
MANC-000056-002630-000200
Land Assessment
$3,231,600
Improvements Assessment
$2,718,500
Total Assessment
$5,950,100
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Power Broker Glen Kunofsky -
Anthony D'Ambrosia -
Stewart Hickey -
Josh Kanter -
NNN Pro Group
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Ashley & Urban Air | 200-220 Hale Rd
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