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BrightView Landscape 387-391 Ella Grasso Tpke 23,055 SF Retail Building Windsor Locks, CT 06096 $1,618,430 CAD ($70.20 CAD/SF) 6% Cap Rate



Investment Highlights
- BrightView Has Occupied This Site Since 2017
- Below Market Rents
- Extensive Asphalt Work Completed in 2019
- Two Percent Annual Increases
- Priced Below Replacement Cost
- No Renewal Options
Executive Summary
Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to BrightView Landscape. The subject property consists of two buildings that total 23,055 square feet and five parcels that total 4.87 acres, on Ella Grasso Turnpike (Route 75) in Windsor Locks, Connecticut. There are over four years remaining on a double-net (NN) lease with two percent annual rent increases. There are no renewal options.
Windsor Locks, Connecticut is a town in Hartford County that is known as a major transportation hub, housing Bradley International Airport and the New England Air Museum. Located on the west bank of the Connecticut River, the town is roughly midway between Hartford, Connecticut and Springfield, Massachusetts, with convenient access to Interstate 91. Key industries include aerospace (Collins Aerospace), manufacturing, and logistics, with major distribution centers for FedEx, UPS, and Honda.
The Hartford metro is composed of three counties in the center of Connecticut, housing the state capital in Hartford proper and the University of Connecticut in Storrs. While known nationally for its role in the American insurance industry, Hartford has a diverse economic background, which includes aerospace, hydrogen/fuel cell technology, laser manufacturing and health care industries.
BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States.
BROKER OF RECORD:
John Krueger
265 Church Street, Suite 210, New Haven, Ct 06510
(212) 430-5100
License #: REB.0752012
Windsor Locks, Connecticut is a town in Hartford County that is known as a major transportation hub, housing Bradley International Airport and the New England Air Museum. Located on the west bank of the Connecticut River, the town is roughly midway between Hartford, Connecticut and Springfield, Massachusetts, with convenient access to Interstate 91. Key industries include aerospace (Collins Aerospace), manufacturing, and logistics, with major distribution centers for FedEx, UPS, and Honda.
The Hartford metro is composed of three counties in the center of Connecticut, housing the state capital in Hartford proper and the University of Connecticut in Storrs. While known nationally for its role in the American insurance industry, Hartford has a diverse economic background, which includes aerospace, hydrogen/fuel cell technology, laser manufacturing and health care industries.
BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States.
BROKER OF RECORD:
John Krueger
265 Church Street, Suite 210, New Haven, Ct 06510
(212) 430-5100
License #: REB.0752012
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
23,055 SF
Building Class
C
Year Built
1984
Price
$1,618,430 CAD
Price Per SF
$70.20 CAD
Cap Rate
6%
NOI
$97,106 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
4.87 AC
Zoning
BUS1 - Industrial
Parking
105 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- BrightView Landscape
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| BrightView Landscape | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | WINL-000003-000002-000289 | Improvements Assessment | $178,058 CAD |
| Land Assessment | $259,237 CAD | Total Assessment | $437,294 CAD |
Property Taxes
Parcel Number
WINL-000003-000002-000289
Land Assessment
$259,237 CAD
Improvements Assessment
$178,058 CAD
Total Assessment
$437,294 CAD
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BrightView Landscape | 387-391 Ella Grasso Tpke
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