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Curaleaf 240 Buckland St

4,322 SF Retail Building Manchester, CT 06042 $3,333,333 ($771/SF) 7.50% Cap Rate

Storefront Properties Connecticut Manchester 240 Buckland St, Manchester, CT 06042

Investment Highlights

  • 10-Year Double-Net (NN) Lease | Minimal Landlord Responsibilities
  • Recent Construction | A+ Location in Center of Manchester Retail Corridor
  • Three (3%) Percent Annual Rental Increases Beginning in Year 4 | Strong Hedge Against Inflation

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Curaleaf located at 240 Buckland Street in Manchester, CT. The site consists of roughly 4,322 rentable square feet of building space on an estimated 1.05-acre parcel of land. This Curaleaf is subject to a 10-year double-net (NN) lease, which commenced on September 28, 2022. The current annual rent is $250,000 and is scheduled to increase by 3% annually starting in year 4 and throughout each of the 2, 5-year renewal options.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,322 SF
Building Class
B
Year Built
1993
Price
$3,333,333
Price Per SF
$771
Cap Rate
7.50%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.05 AC
Zoning
B3
Frontage
105 FT on Buckland St

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
1 of 1
240 Buckland St, Manchester, CT - aerial map view

Nearby Major Retailers

Chili's Grill & Bar
Hooters
Five Guys
Noodles & Company
Boston Market
Olive Garden Italian Restaurant
Jenny Craig
Goldfish Swim School
Starbucks
Buffalo Wild Wings

PROPERTY TAXES

Parcel Number MANC-000027-000800-000240 Improvements Assessment $606,800
Land Assessment $343,800 Total Assessment $950,600

PROPERTY TAXES

Parcel Number
MANC-000027-000800-000240
Land Assessment
$343,800
Improvements Assessment
$606,800
Total Assessment
$950,600
(332) 345-4222

  • Listing ID: 32052836

  • Date on Market: 6/7/2024

  • Last Updated:

  • Address: 240 Buckland St, Manchester, CT 06042

More public record information on 240 Buckland St, Manchester, CT 06042

The Retail Property at 240 Buckland St, Manchester, CT 06042 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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240 Buckland St - Manchester, CT - Main
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Curaleaf | 240 Buckland St
(332) 345-4222 x

Curaleaf | 240 Buckland St

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Josh Kanter

(617) 865-1145

(617) 865-1145

Stewart Hickey

(332) 345-2408

(332) 345-2408

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