2162 Silas Deane Hwy Rocky Hill, CT 06067-2346

Property Details for 2162 Silas Deane Hwy

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.88 lot acres

Property size

8,798 SF

Zone code

C

Property type

Showrooms

APN

ROCK M:10 L:005

APU

ROCKM10L005

Description

This exceptional investment opportunity presents a fully occupied, 13,593 square foot shopping center situated on a 1.46-acre lot in Rocky Hill, Connecticut. The property comprises two buildings constructed in 1978 and 2000, featuring a diverse mix of six tenants, including Elements Personal Training, Kettle Bagels, Cutters Edge Salon, MyEyeDr, Euro Grocery, and Annie's Pet Spa. Boasting a strong 100% occupancy rate and a compelling 6.28% cap rate, this stabilized investment generates a net operating income (NOI) of $175,788. All leases include attractive annual rental increases, providing a hedge against inflation and a steady income stream. Most leases also feature several 5-year options. The property benefits from excellent visibility and frontage along Silas Deane Highway (CT Route 99), a major retail thoroughfare with over 16,000 vehicles passing daily. Two points of access and ample parking ensure convenient customer access. Its strategic location less than a mile from Interstate 91 provides easy access to Hartford and the wider state. The surrounding area features strong demographics, with over 36,200 people within a 3-mile radius and an average household income exceeding $158,360. Major national retailers like Walmart, Stop & Shop, TJ Maxx, and Kohl's are nearby, creating a robust trade area and driving significant traffic to the property. This fee-simple ownership opportunity offers a rare combination of strong income, excellent location, and significant growth potential. The property's seven units are spread across one story. The asking price is $2,800,000.