Drake Hill 710-716 Hopmeadow St 53 951 pi² 99% Loué Commerce de détail Immeuble Simsbury, CT 06070 21 461 162 $ CAD (397,79 $ CAD/pi²) 7,25% Taux de capitalisation

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Drake Hill, a grocery-anchored retail center located at 700-710 Hopmeadow Street in Simsbury, Connecticut (the “Property”). The Property consists of 53,951 square feet across three buildings and is 98.89% leased to sixteen (16) tenants with one (1) vacant unit on 5.42 acres of land. Anchored by Fitzgerald’s Foods (Geissler’s) and CVS, other notable tenants include Webster Bank, TD Bank, Integrated Dermatology, and Jersey Mike’s. The majority of tenants have schedule rent increases in their primary term and renewal options, and the Property has been subject to a number of capital improvements, including to the roof, sewage & drainage system, installation of solar panels, and individual tenant improvements.
Drake Hill is strategically located along Hopmeadow Street (US-202), the primary retail and commercial corridor serving Simsbury and the surrounding Farmington Valley region. The property benefits from strong visibility within one of Central Connecticut’s most affluent suburban trade areas, serving nearby communities including Avon, Granby, Canton, and Bloomfield. The immediate area features a strong mix of restaurants, retailers, medical offices, and professional services that generate consistent daily traffic along the corridor. Nearby destinations including the Simsbury Meadows Performing Arts Center and the International Skating Center of Connecticut further contribute to regional visitation and consumer activity. Surrounded by affluent residential neighborhoods and a well-established commercial base, Drake Hill is positioned within one of the Farmington Valley’s premier retail and service corridors.