617-239-3610
, Manchester, CT for Sale
Retail - FOR SALE
1/2
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Buckland Hills Portfolio
Manchester, CT


HIGHLIGHTS

  • Shadow-Anchored By #1 Walmart in CT
  • Fully Occupied With Opportunity to Recapture 24,812 SF in Short-Term
  • High-Volume Savers With Recent Long-Term Extension
  • Strategically Situated Within a Super Regional Retail Node
  • Affluent Trade Area - 131K People / $112K AHHI (5-MI)
  • Offered Below Replacement Cost

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to market for sale Crossroads III, a 67,706 SF Walmart shadow-anchored shopping center, located in Manchester, CT, and part of the Manchester Collection Shopping Center. Crossroads III is presently 100% leased to two long-term retail tenants and one specialty lease with 7.7 years of weighted average lease term remaining (63% leased excluding the specialty lease). The asset, which features a recently executed 10-year extension with Savers, offers investors the stability of a long-term anchor lease with significant future upside afforded by the mark to market opportunity to re-lease the 24,812 space which was previously leased to Ashley’s Furniture and is currently leased to the U.S. Furniture specialty tenant.

ASK ABOUT THIS PROPERTY

Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.