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INVESTMENT HIGHLIGHTS
THE ASSET: 2162 & 2172 Silas Deane Highway consists of two buildings, constructed in 2000 and 1978, and contains a total of 13,593 square feet of space on a 1.46-acre parcel of land. The Property features six (6) commercial suites and is 100% occupied. The rent roll contains an attractive mix of retailers and service-oriented businesses, including Elements Personal Training, Kettle Bagels, Cutters Edge Salon, MyEyeDr, Euro Grocery and Annie’s Pet Spa. All of the leases call for attractive annual rental increases throughout the base terms, providing a steady increase in income and an attractive hedge against inflation. Most of the leases also feature a number of 5-year options.
STRATEGIC LOCATION: The Property benefits from a convenient location less than a mile from Interstate 91, which provides convenient access to Hartford (6-miles) and all areas of the state. The intersection of Silas Deane Highway with Interstate 91 serves as the center a of robust trade area on the border of Rocky Hill with Wethersfield. Major anchors for the trade area include Walmart, Stop & Shop, TJ Maxx, and Kohl’s, and are surrounded by national retailers and local businesses that drive traffic to the area.
STRONG DEMOGRAPHICS: Over 36,200 people live within a 3-mile radius of the Property with an average household income of $158,360. An impressive 111,200 people live within a 5-mile radius of the Property with an average household income of $144,636. Additionally, there are more than 72,200+ employees working within 5 miles of the property.
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