For Sale
$11,375,000
220 Hale RdManchester, CT 06042
High-yield NNN retail investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $11,375,000 asking price for this 93,251 square foot retail shopping center.
- 8.00% cap rate with a $910,000 NOI.
- 100% occupancy with a multi-tenant NNN lease structure.
- Tenants include Ashley Furniture (with a 10-year lease) and Urban Air (with a corporate guarantee for the first 5 years of their lease).
- Located on 9.46 acres in Manchester, Connecticut, at 200 and 220 Hale Rd, 06042.
- Built in 1994 and renovated in 2021.
Property Details for 220 Hale Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 93,251 SF
- Year Built/Renovated
- 1994/2021
- Lot Size (sq. ft)
- 412,078 SF
Location Insight
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Latitude
- 41.8083945
- Longitude
- -72.5325858
220 Hale Rd, Manchester, Connecticut
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