96 Storrs Rd, Mansfield, CT 06250

NEWER CONSTRUCTION - LONG TERM LEASES: The Build-to-Suit Property was constructed in 2024 and features an attractive architectural design. Aspen Dental has 8+ years left on its lease with three (3), 5-year renewal options, Five Guys has 13+ years remaining on its lease with two (2), 5-year renewal options, and Chipotle has 8+ years remaining on its lease with four (4), 5-year renewal options. Chipotle benefits from outdoor seating and a dedicated drive-thru lane (Chipotlane).

ATTRACTIVE RENT INCREASES: Each of the leases calls for attractive 10% rent increases every five years throughout the primary lease terms and at the start of each renewal option, providing the investor with an attractive increase in revenue and hedge against inflation.

MINIMAL LANDLORD RESPONSIBILITIES: All three tenants have net leases with minimal Landlord responsibilities. The tenants reimburse their pro-rata share of all operating expenses, including taxes, insurance, and common area maintenance (including a 10% admin fee on CAM charges), making it an attractive investment for the passive real estate investor. All three leases also have a 5% Cap on Controllable Operating Expenses.

DYNAMIC TENANT ROSTER: The Property features a corporate guarantee with Chipotle, one of the most sought-after restaurant brands in the country. Total revenue for 2024 was $11.3 billion, an increase of 14.6% compared to 2023. Aspen Dental is one of the nation's largest dental support organizations with over 1,100 locations across 46 states. Five Guys is a fast-casual restaurant chain focusing specifically on burgers and fries and has approximately 1,950 locations worldwide with 1,488 locations in the United States. The company plans to continue its aggressive expansion throughout 2026.

STRATEGIC RETAIL LOCATION: The Plaza benefits from a prime location along Main Street with excellent exposure, frontage, and ease of access. Situated at a signalized intersection adjacent to East Brook Mall, the Property is approximately 1.5 miles north of Downtown Willimantic and Eastern Connecticut State University. The site offers convenient connectivity to major state and regional roadways, including U.S. Route 6 and Connecticut Routes 14, 31, 32, 66, and 203, providing access to both Hartford and Providence and efficient travel throughout eastern Connecticut.

PROXIMITY TO UCONN: The University of Connecticut (UConn) is the State’s flagship public research university and one of the leading institutions of higher education in New England. UConn’s main campus is located in Storrs, 5 miles from the Property; the university enrolls approximately 32,000 students across undergraduate, graduate, and professional programs and employs more than 10,000 faculty and staff, making it one of the largest employers in the state.

TRADE AREA: Notable tenants drawing consumers to the trade area include Kohl’s, TJ Maxx, Old Navy, Michaels, Mansfield Movieplex 8, Walmart Supercenter, Home Depot, Big Y, Stop & Shop, Aldi, BJ’s Wholesale Club, Harbor Freight, Ocean State Job Lot, Tractor Supply Co, Petco, Staples, CVS, Walgreens, Advance Auto Parts, Applebee’s, Starbucks, Dunkin’, McDonald’s, Burger King, KFC, Wendy’s, Taco Bell, Popeyes and Subway.

TRAFFIC COUNTS: The Property is positioned along Main Street (CT Route 195), which sees more than 14,400 vehicles per day. The location is seconds from US Route 6, which sees more than 21,000 vehicles per day.

DEMOGRAPHICS: Approximately 25,800 people live within 3 miles of the Property with an average household income of $76,194. More than 36,000 people live within 5 miles of the Property with an average household income of $88,283.