The NNN Pro Group is pleased to present the exclusive listing for 1863 and 1899 Silas Deane Highway in Rocky Hill, Connecticut. The property consists of an 87,135-square foot building leased to Kohl’s, and a 20,055-square foot building leased to Aldi. The lot is 41.8 acres and offers vast development opportunity as it is zoned for an additional 52,825 square feet of retail. The property also has highway signage viewable on Interstate-91 which is traveled by over 135,700 vehicles each day.
Kohl’s has over 10 years of lease term remaining with an increase of 4.21 percent in 2029. Aldi has over 13 years remaining as they are recently added an addition to their site, which reset the term to 20 years. Both tenants are completely responsible for their own buildings and contribute a proportionate amount to common area maintenance (CAM) charges, administrative fees and real estate taxes. For more information regarding expenses and the net operating income, please see page six.
About the Investment:
✓ Kohl’s Just Signed an Early 10-Year Extension After Operating In This Location for 18 Years | Substantial Investment With Sephora Rebranding/Façade Work | Kohl’s Replaced All of the Rooftop HVAC Units in 2023 ✓ In 2017, Aldi Signed an Amendment to Build an Additional 3,752 Square Feet at Their Own Expense | Increase the Rent and Renew Lease to a Full
20- Year Term Due to Strong Site Performance After 9 Years of Operating There! Over 13 Years of Term Remaining
✓ Located Off Interstate-91 and Silas Deane Highway | Strong Traffic Counts |Sandwiched Between I-91 And Silas Deane Highway, Seeing 135,700 And 25,400 Vehicles Per Day, Respectively
✓ Affluent Community | Average Household Income Exceeding $113,800 Within A Three-Mile Radius | 560,000+ Residents Within Ten Miles
✓ A 41.8-Acre Lot Offers Additional Development | Property is Zoned for an Additional 52,825 Square Feet of Retail