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96 Storrs rd
Mansfield, CT 06250
Chipotle, Five Guys, Aspen Dental · Retail Property For Sale


Investment Highlights
- Newer Construction - Long Term Leases
- Minimal Landlord Responsibilities
- Strategic Retail Location
- Attractive Rent Increases
- Dynamic Tenant Roster
- Proximity to UCONN
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the three-tenant plaza located at 96 Storrs Road in Mansfield, Connecticut (the “Property”). The newer constructed, three-tenant plaza is improved with Aspen Dental, Five Guys, and Chipotle and contains 8,502 square feet. Aspen Dental has 8+ years left on its lease with three (3), 5-year renewal options, Five Guys has 13+ years remaining on its lease with two (2), 5-year renewal options, and Chipotle has 8+ years remaining on its lease with four (4), 5-year renewal options. All three leases call for attractive 10% rent increases every five years throughout the primary lease terms and at the start of each of the renewal option periods. The Plaza is strategically positioned along Main Street, offering strong visibility, frontage, and access at a signalized intersection adjacent to East Brook Mall. Located approximately 1.5 miles north of Downtown Willimantic and Eastern Connecticut State University, the Property benefits from proximity to key demand drivers. The site provides direct access to major regional roadways, including U.S. Route 6 and CT Routes 14, 31, 32, 66, and 203, allowing for efficient connectivity to Hartford, Providence, and the broader eastern Connecticut market. Surrounded by a concentration of national and local retailers and restaurants, and supported by nearby residential neighborhoods, multifamily housing, and area schools, the Property is well positioned to capture consistent traffic and a built-in customer base. Mansfield is located in Tolland County, approximately 28 miles east of Hartford and 29 miles north of New London.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,864 SF
Building Class
B
Year Built
2024
Price
$8,010,757 CAD
Price Per SF
$538.92 CAD
Cap Rate
6.25%
NOI
$500,672 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
27.76 AC
Parking
30 Spaces (2.02 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | MANS-000038-000105-000001 | Improvements Assessment | $14,849,252 CAD |
| Land Assessment | $3,808,945 CAD | Total Assessment | $18,658,197 CAD |
Property Taxes
Parcel Number
MANS-000038-000105-000001
Land Assessment
$3,808,945 CAD
Improvements Assessment
$14,849,252 CAD
Total Assessment
$18,658,197 CAD
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