85 River Road

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 85 River Road in Canton, Connecticut (the “Property”).​ The Property was constructed in 1988 and contains 7,897 square feet on a 1.61-acre parcel of land.​ The well-maintained Property is comprised of four (4) suites and is 100% leased to an attractive mix of office and neighborhood service tenants.​

The well-maintained Property is positioned in the southern portion of Canton and provides a convenient location for area residents.​ The Property benefits from outstanding frontage and visibility along both River Road (CT Route 179) and is 0.5-miles from the junction of US Routes 44 and 202, the area’s primary commercial and commuter corridors.​ The Property is less than a mile from Canton’s municipal buildings, Canton Intermediate School and Canton High School.​ Canton is positioned approximately 11-miles east of Torrington and 15-miles northwest of Hartford, the regional center for commerce, employment, and entertainment.​

THE ASSET: The Property was constructed in 1988 and contains 7,897 square feet on a 1.61-acre parcel of land. The well-maintained Property features four (4) suites and is 100% leased to three tenants (Studio 85 Dance Center occupies two suites).

DIVERSE TENANT MIX: The rent roll contains an attractive mix of office and neighborhood service tenants, that serve the residents of Canton and the surrounding towns. Suny’s Day Care has been at this location since 2008 and has 1 remaining on their lease. Studio 85 Dance Center has been at this location since 2020 and has 3-years remaining on their lease. Thornton Executive Recruiters opened in 2022 and has 3+ years remaining on their lease.

SCHEDULED RENT INCREASES: Thornton Executive Recruiter’s lease provides for 4% annual rent increases providing a steady increase in income and an attractive hedge against inflation.

STRATEGIC RETAIL LOCATION: The Property enjoys a prime location along River Road (CT Route 179), and is 0.5-miles from the junction of US Routes 44 and 202, and is within 1-mile of Canton’s municipal buildings, Canton Intermediate School and Canton High School.

EXCELLENT FRONTAGE & VISIBILITY: The Property offers excellent visibility and frontage along River Road (CT Route 179). River Road is a primary north-south commuter corridor connecting US Routes 44 and 202 with CT Route 4 (4-miles away), which provides direct access to Interstate 84.

TRADE AREA: The Property is 2.5-miles from the Shoppes at Farmington Valley, the area’s premier shopping destination. The Shops at Farmington Valley is an open-air destination with more than 45 major retailers, specialty stores and unique eateries in the heart of Canton. Anchored by ShopRite, Kohl’s, Dick’s Sporting Goods and Old Navy, the Shoppes at Farmington Valley attract residents and visitors from all of northwestern and central Connecticut.

STRONG DEMOGRAPHICS: Over 38,800 people live within 5-miles of the Property with an average household income of $215,370, and an impressive 180,200+ people live within 10-miles of the Property with an average household income of $176,826.