- PRIME RETAIL LOCATION: The Property is strategically located at the entrance to Lowe’s Home Improvements and shares the signalized intersection with Home Depot, Chick-fil-A, Chili’s, Dunkin’ Donuts, and Vida Mexicana. The Property is located on primary roadway, US Route 5, just 0.25 miles from Route 15 (Wilbur Cross Parkway), a major highway connecting Hartford and New Britain to the north with New Haven and I-95 to the south.
- CORPORATE LEASES: Both Leases are corporate-backed and have 4+ years remaining on their original 10-year lease terms.
- VERIZON: Lessee Cellco Partnership, (dba Verizon), is the corporate-owned retailer of Verizon Communications Inc. Verizon provides service to over 118 million subscribers and boasts an investment-grade credit rating of BBB+ (S&P) with 2018 revenues of over $130.8 billion.
- DIBELLA’S SUBS: DiBella’s, founded in 1918, is a family-owned restaurant chain with 47 stores in 6 states known for their friendly service, fresh baked rolls and the highest quality meats, cheeses and condiments served in a 1930’s-style neighborhood bakery setting.
- NEWER CONSTRUCTION: The Property was completed in 2014 and features a modern attractive design and ample parking with an attractive parking ratio of 9.0 spaces per 1,000 square feet of leasable area.
- EXCELLENT FRONTAGE, VISIBILITY & ACCESS: The Property offers excellent frontage and pylon signage visibility on Route 5 with multiple points of access from both Route 5 and Neal Road.
- EXCEPTIONAL DEMOGRAPHICS: Over 113,000 people live within a 5-mile radius of the Property with an average household income of $99,600.
- HIGH-TRAFFIC COUNTS: The Property location and trade area enjoy high traffic counts with over 19,000 vehicles passing the Property daily on Route 5 and an additional 65,400 vehicles passing the trade area daily on Route 15.
- PRIMARY TRADE AREA: Numerous prominent retailers bring consumers to the trade area including Lowe’s, Home Depot, BJ’s, Stop & Shop, Big Lots, Walmart Supercenter, Staples, Dollar Tree, CT State Liquor Store, Town Fair Tire, Mattress Firm, Chili’s Grill & Bar, Chick-fil-A, Dunkin’ Donuts, IHOP, Vida Mexicana, Panera Bread, Chipotle and Moe’s Southwest Grill. Additionally, there are numerous new car dealerships and popular entertainment attractions including Holiday Cinemas Stadium 14, On-Track Carting, Square Foot Theater & Tavern, and Wallingford Bowling.
|
|
ROBERT HORVATH
Executive Vice President
MA Tel: (781) 776-4003
CT Tel: (203) 209-0020
|
|
MATTHEW NADLER
Vice President
Direct: (781) 776-4006
Mobile: (339) 222-2426
|
|
Ethan Cole | CT Broker of Record | License REB.0791749
|
|
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
|
|
|
|
|
|
|
