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775 Silver Ln
East Hartford, CT 06118
Retail Property For Sale
Investment Highlights
- Fully leased 29,570 SF shopping center situated on 2.7 acres with stable income stream.
- Roof scheduled for full replacement in 2024, reducing near-term capital expenditure concerns.
- Zoned B-6, offering long-term flexibility and potential for various retail uses.
- Located near the Pratt & Whitney facility and offers excellent access to I-84 for strong regional connectivity.
- Surrounded by national retailers including Aldi, with new Five Guys and Wingstop under construction nearby.
- Generates approximately $208,424 Net Operating Income based on 100% occupancy and 2025 projected expenses.
Executive Summary
775 Silver Lane presents an opportunity to acquire a fully occupied shopping center in East Hartford, Connecticut. The property totals approximately 29,570 square feet across 2.7 acres and delivers stable income backed by a diverse tenant mix. Occupancy remains at 100%, and the asset produces an anticipated Net Operating Income of $208,424 based on 2025 projections.
The property benefits from visibility along Silver Lane with convenient regional access via Interstate 84. Neighboring national retailers such as Aldi enhance traffic counts, while new Five Guys and Wingstop locations under construction next door continue strengthening the retail corridor.
Recent and planned capital improvements, including a full roof replacement scheduled for 2024, further support long-term ownership value. The site’s B-6 zoning allows for a range of retail uses and continued operational versatility. Offered at an asking price of $2,500,000, the center represents a compelling investment in a growing submarket anchored by established brands and continued development activity.
The property benefits from visibility along Silver Lane with convenient regional access via Interstate 84. Neighboring national retailers such as Aldi enhance traffic counts, while new Five Guys and Wingstop locations under construction next door continue strengthening the retail corridor.
Recent and planned capital improvements, including a full roof replacement scheduled for 2024, further support long-term ownership value. The site’s B-6 zoning allows for a range of retail uses and continued operational versatility. Offered at an asking price of $2,500,000, the center represents a compelling investment in a growing submarket anchored by established brands and continued development activity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
29,570 SF
Building Class
C
Year Built
1987
Price
$3,426,025 CAD
Price Per SF
$115.86 CAD
Cap Rate
8.34%
NOI
$285,626 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.70 AC
Opportunity Zone
Yes
Zoning
B-1-A
Parking
152 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
246’ on Silver Ln
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | EHAR-000045-000000-000124 | Improvements Assessment | $1,807,447 CAD |
| Land Assessment | $196,188 CAD | Total Assessment | $2,003,635 CAD |
Property Taxes
Parcel Number
EHAR-000045-000000-000124
Land Assessment
$196,188 CAD
Improvements Assessment
$1,807,447 CAD
Total Assessment
$2,003,635 CAD
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