For Sale
$2,800,000

2162 Silas Deane HwyRocky Hill, CT 06067

13,593 SF, 6-tenant retail center, 6.28% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully occupied, 13,593 square foot shopping center situated on a 1.46-acre lot in Rocky Hill, Connecticut. The property comprises two buildings constructed in 1978 and 2000, featuring a diverse mix of six tenants, including Elements Personal Training, Kettle Bagels, Cutters Edge Salon, MyEyeDr, Euro Grocery, and Annie's Pet Spa. Boasting a strong 100% occupancy rate and a compelling 6.28% cap rate, this stabilized investment generates a net operating income (NOI) of $175,788. All leases include attractive annual rental increases, providing a hedge against inflation and a steady income stream. Most leases also feature several 5-year options. The property benefits from excellent visibility and frontage along Silas Deane Highway (CT Route 99), a major retail thoroughfare with over 16,000 vehicles passing daily. Two points of access and ample parking ensure convenient customer access. Its strategic location less than a mile from Interstate 91 provides easy access to Hartford and the wider state. The surrounding area features strong demographics, with over 36,200 people within a 3-mile radius and an average household income exceeding $158,360. Major national retailers like Walmart, Stop & Shop, TJ Maxx, and Kohl's are nearby, creating a robust trade area and driving significant traffic to the property. This fee-simple ownership opportunity offers a rare combination of strong income, excellent location, and significant growth potential. The property's seven units are spread across one story. The asking price is $2,800,000.

Highlights

  • 13,593 SF on 1.46 acres, two buildings (2000 & 1978 construction), six suites, 100% occupied.
  • Diverse tenant mix including retail and service businesses (Elements Personal Training, Kettle Bagels, Cutters Edge Salon, MyEyeDr, Euro Grocery, Annie’s Pet Spa).
  • Leases feature attractive annual rent increases and multiple 5-year options.
  • Excellent visibility and frontage on Silas Deane Highway with prominent signage, two access points, and ample parking.
  • Strategic location less than one mile from I-91, providing easy access to Hartford and the state; situated in a strong retail corridor near Walmart, Stop & Shop, TJ Maxx, and Kohl’s.
  • Over 16,000 vehicles pass daily; strong demographics with over 36,200 people within a 3-mile radius ($158,360 avg. household income) and 111,200 within 5 miles ($144,636 avg. household income), plus 72,200+ employees within 5 miles.

Property Details for 2162 Silas Deane Hwy

Property type
Lifestyle centers, Power centers
Square Feet
13,593 SF
Year Built
1978
Buildings
2
Stories
1
Lot Size (sq. ft)
63,598 SF
Units
7

Location Insight

City
Rocky Hill
County
Hartford
State
Connecticut
Latitude
41.669229649133
Longitude
-72.641856240113
2162 Silas Deane Hwy, Rocky Hill, Connecticut

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2162 Silas Deane Hwy
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