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Ruby Tuesday 101 Ella Grasso Tpke 5,710 SF Retail Building Windsor Locks, CT 06096 $4,584,480 CAD ($802.89 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Adjacent to Bradley International Airport | 6M Annual Passengers: The Property benefits from its immediate proximity to Bradley International Airport
- Absolute NNN Lease | Corporate Guarantee: The asset is secured by a corporately guaranteed lease from Ruby Tuesday, Inc. and an absolute NNN lease
- Strong Traffic Counts | 22,000 VPD: The Property is positioned along a heavily trafficked corridor with over 22,000 vehicles per day
- Large Parcel | 1.77 AC: Situated on an expansive 1.77-AC lot, the Property offers excellent site functionality, strong residual land value
- Built-In Rent Growth | 2% Annual Increases: The lease features 2% annual rent escalations, offering steady income growth and a hedge against inflation
- Strategic Location Between Major MSAs: The Property is ideally situated between Hartford, CT and Springfield, MA, and just 15 minutes from downtown Ha
Executive Summary
Name
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # REB.0790986 (CT)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # REB.0790986 (CT)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,710 SF
Building Class
B
Year Built
2004
Price
$4,584,480 CAD
Price Per SF
$802.89 CAD
Cap Rate
8.50%
NOI
$389,681 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.77 AC
Zoning
BUS1
Parking
107 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
280’ on Ella Grasso
Amenities
- Bus Line
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $4.25 CAD
- Triple Net
- Sep 2027
Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants. Ruby Tuesday, Inc. has over 540 Ruby Tuesday brand restaurants in 40 states, 11 foreign countries, and Guam. Their Company-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which they consider to be their core markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $4.25 CAD | Triple Net | Sep 2027 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | WINL-000039-000125-000042 | Improvements Assessment | $947,881 CAD |
| Land Assessment | $2,494,794 CAD | Total Assessment | $3,442,675 CAD |
Property Taxes
Parcel Number
WINL-000039-000125-000042
Land Assessment
$2,494,794 CAD
Improvements Assessment
$947,881 CAD
Total Assessment
$3,442,675 CAD
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Ruby Tuesday | 101 Ella Grasso Tpke
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