103 Tolland TpkeManchester, CT 06042

This exceptional investment opportunity presents a 21,500 square foot, multi-tenant retail property located at 103 Tolland Turnpike in Manchester, Connecticut. The property, situated on a 2.44-acre lot, boasts a prime location along a heavily traveled commercial corridor with approximately 20,000 vehicles per day. The main tenant is Shea's Pizzeria & Sports Bar, a full-service restaurant and bar with extensive indoor and outdoor seating, including Connecticut's largest patio by seating capacity (460 patrons) and an indoor capacity of 269 patrons. A portion of the property is also leased to Winners Racing-Betting-Sports. The property features ample parking for 150 cars. Significant renovations were completed in 2015, encompassing a complete kitchen rehab, dining space, foyer, bar, and restrooms. The roof was replaced in 2022. The property is zoned for business use and offers a 7.80% cap rate with a current NOI of $304,270 and 100% occupancy. The asking price is $3,900,000 ($181.40/sq ft). This sale/leaseback opportunity presents a compelling investment in a thriving commercial area. The property's size, location, and strong tenant occupancy make it an attractive proposition for discerning investors.