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Dunkin’ Donuts and SportClips

$ 1,104,152
Glastonbury, Connecticut
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under contract

Address: 2751 Main Street, Glastonbury, Connecticut, United States 06033

Type: Net Lease Beauty, Net-Leased Restaurant

Cap Rate: 7.00%

Lease Type: Double Net Lease

Annual Rent: $91,059

Net Operating Income: $77,291

Lease Term Remaining: 5+ and 6 Years

Rental Increases: 10% Every Five Years

Options: Two Five-Year and One Five-Year Options

Rentable Sq/Ft: 4,096 SF

Rent Sq/Ft: $22.23

Price Sq/Ft: $270

Lot Size: +/- 1.05 Acres

About the Investment

✓ Two-Tenant Property with Internet and Recession Proof Tenants | Over One Acre of Land | Dunkin’ Donuts Complete with Drive-Through
✓ Minimal Management Asset | Local Property Manager In Place | Tenants Pay Management Fees
✓ Strong Location Minutes from Highway Connector (I-91) and Affluent, Upscale Downtown-Glastonbury Shopping Centers
✓ SportClips has Renewed their First Five-Year Option Period in 2020 | Dunkin’ has Operated here since 2006

About the Location

✓ Highly Trafficked Location | Located on Main Street (23,000 Vehicles Per Day) and Minutes from CT Route-2 Connector to I-91 (95,000 Vehicles Per Day)
✓ Very Affluent Surrounding Area | Average Household Income Exceeds $101,000 Within a Three-Mile Radius
✓ The Property is Located Between Two Major Shopping Centers with Tenants Including Whole Foods, Panera, Stop & Shop | This is the Main Retail Corridor of Glastonbury (See Aerial Maps on Page 7 and Page 8)
✓ Exceptional Demographics | Approximately 182,000 Individuals Residing Within a Five-Mile Radius
✓ Pratt and Whitney Headquarters | Global Aircraft Manufacturers | Over 48,000 Employees Worldwide | Within a Three-Mile Radius, North on CT Route-2
✓ Glastonbury High School | Over 2,000 Student Currently Enrolled | Within a Two-Mile Radius
✓ Prominent Medical Presence | Gateway Medical Office Park | 65-acre Hospital Campus | Located Within a One-Mile Radius
✓ Proximity to Hartford | The Capital City of Connecticut

This subject property is strategically located on Main Street, on a main retail corridor between two large shopping centers. Main Street boasts an average daily traffic count of 23,000 vehicles. The subject property also benefits from its close proximity to CT Route-2. This particular section of CT Route-2 brings an additional 95,000 vehicles daily into the immediate area. The subject property has approximately 182,000 individuals residing within a five-mile radius and nearly 580,000 individuals within a ten-mile radius. The surrounding area is also very affluent, with an average household income exceeding $101,000 within a three-mile radius.

This subject property is well positioned on a main retail corridor with numerous national retail and restaurant tenants in the surrounding area. Major national tenants include: Walgreens, The Home Depot, Barns & Noble, Staples, T.J.Maxx, PetSmart, Party City, Chipotle, McDonald’s, Whole Foods, Burger King as well as many more. In addition to these numerous restaurant and retail concepts, the subject property benefits from its close proximity to Gateway Medical Office Park, a 65-arce state-of-the-art Hospital Campus located within a one-mile radius. This subject property also benefits from numerous surrounding office and manufacturing parks. Pratt and Whitney, a global aircraft manufacturer whose products are in 25% of all commercial flights worldwide, headquarters and manufacturing plant are located within a three-mile radius of this site. The is also a strong academic presence, Glastonbury High School which has over 2,000 students enrolled, is located within a two-mile radius.

Glastonbury is a town in Hartford County, Connecticut. Incorporated in 1693, Glastonbury is one of Connecticut’s oldest municipalities. Conveniently located approximately 4 miles southeast of Hartford, the state’s capital city, our nearly 35,000 residents enjoy the many historic sites, picturesque parks and open spaces, convenient access to the CT River, and countless programs & activities made available by the Town and other community organizations. Glastonbury is proud to be well known for its outstanding public education, excellent municipal management and exceptionally high quality of life.

 

Broker of Record: JD Parker License # REB.0788985

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Glen Kunofsky

President, Founder
(212) 430-5115

Anthony D’Ambrosia

Vice President, Investments
(212) 430-5237