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103 Tolland Tpke Manchester, CT 06042

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For Sale
Contact for pricing

High-traffic location, strong NOI, excellent opportunity.

Property size:
21,500 SF

Property Features for 103 Tolland Tpke

General Information

Property type
Restaurants
Square Feet
21,500 SF
Lot Size
106,286 SF

Building Details

Year Renovated
2015
Buildings
1
Stories
1

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Listing Contact
Christian Dietz
Christian Dietz

Listing Agency: Colliers - Hartford, Connecticut Listing Agent: Christian Dietz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 21,500 square foot, multi-tenant retail property located at 103 Tolland Turnpike in Manchester, Connecticut. The property, situated on a 2.44-acre lot, boasts a prime location along a heavily traveled commercial corridor with approximately 20,000 vehicles per day. The main tenant is Shea's Pizzeria & Sports Bar, a full-service restaurant and bar with extensive indoor and outdoor seating, including Connecticut's largest patio by seating capacity (460 patrons) and an indoor capacity of 269 patrons. A portion of the property is also leased to Winners Racing-Betting-Sports. The property features ample parking for 150 cars. Significant renovations were completed in 2015, encompassing a complete kitchen rehab, dining space, foyer, bar, and restrooms. The roof was replaced in 2022. The property is zoned for business use and offers a 7.80% cap rate with a current NOI of $304,270 and 100% occupancy. The asking price is $3,900,000 ($181.40/sq ft). This sale/leaseback opportunity presents a compelling investment in a thriving commercial area. The property's size, location, and strong tenant occupancy make it an attractive proposition for discerning investors.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Murphy's Sports Bar Restaurant Winners Manchester Auto Parts Store Shea's Pizzeria and Sports ... Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Manchester
County
Hartford
State
Connecticut
Longitude
-72.5104541
Latitude
41.8138653

FAQs

What type of property is this?
Restaurant - High-traffic location, strong NOI, excellent opportunity.
Where is this restaurant located?
The property is located at 103 Tolland Tpke Manchester, CT.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: ±21,500 square feet on a 2.44-acre lot.; 150-car parking lot.; CT's largest patio, seating 460.
(860) 616-4028 Call to check price and availability
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