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30065606
30065607

2152 Poquonock Ave, Windsor, CT 06095

MN
MA 134870
Horvath & Tremblay
Listed by Horvath & Tremblay
$2,600,000
96 days on market
Updated 96 days ago

Bears BBQ

Details
Property Type Retail
Sub Type Restaurant
Square Footage 6,042
Cap Rate 5.77%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant BBQ Bear's Smokehouse
Lease Type NN
Lease Expiration 03/31/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options 1, 5- Year Options
Year Built 1959
Buildings 1
Stories 1
Acreage 4.640
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2025
Ownership Fee Simple

Retail | 5.77% CAP | 6,042 SqFt

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant net leased investment property located at 2152 Poquonock Avenue in Windsor, Connecticut (the “Property”). The Property is comprised of a 6,042 square foot single tenant building on a large 4.64-acre parcel and is leased to Bear’s Smokehouse BBQ. Bear’s Smokehouse BBQ has been at this location since 2014 and commenced a new 11-year lease in 2025, demonstrating their commitment to the site and the market. Bear’s Smokehouse BBQ has 10+ years remaining on their lease with one (1), 5-year renewal option. The lease calls for attractive 2.5% annual rent increases throughout the primary term and renewal option. Additionally, the Property offers development potential at the rear of the Property on the 3.5-acre portion of the parcel that is not being utilized.

The Property is well located along Poquonock Avenue (CT Route 75) and benefits from outstanding visibility and frontage. The Property is positioned at the signalized intersection with the on-off ramp of CT Route 20 (Bradley International Airport Connector) and is just 1.5-miles from Bradley International Airport, the second largest airport in New England. The location is part of a dominant trade area centered around the airport with numerous hotels, businesses, and national tenants drawing significant traffic to the area.

Investment highlights

LONG TERM TENANT: Bear’s Smokehouse BBQ has been at this location since 2014 and commenced a new 11-year lease in 2025, demonstrating their commitment to the site and the market. Bear’s Smokehouse BBQ has 10+ years remaining on their lease with one (1), 5-year renewal option.

STRONG REGIONAL TENANT: Bear’s Smokehouse BBQ is a growing restaurant chain with 7 locations in Connecticut and North Carolina.

FIXED RENT INCREASES: Bear’s Smokehouse BBQ’s lease calls for 2.5% annual rent increases throughout their primary lease term and the renewal option providing a fixed increase in income and an attractive hedge against inflation.

MINIMAL MANAGEMENT RESPONSIBILITIES: Bears Smokehouse BBQ lease is double net, and the tenant reimburses 100% of real estate taxes, and insurance and handles common area maintenance directly. The Property requires minimal management responsibilities and is ideal for the passive investor.

STRATEGIC RETAIL LOCATION: The Property is well located along Poquonock Avenue (CT Route 75) and benefits from outstanding visibility and frontage. The Property is positioned at the signalized intersection with the on-off ramp of CT Route 20 (Bradley International Airport Connector) and is just 1.5-miles from Bradley International Airport, the second largest airport in New England. The Property is 2.5-miles from Interstate 91, and enjoys convenient access to the commercial center of both Windsor and Windsor Locks. The area has seen continued growth over the last decade as large warehouses and distribution centers continue to be developed to support the increased air cargo coming into and going out of Bradley International Airport.

BRADLEY INTERNATIONAL AIRPORT: Bradley International Airport (BDL) is New England’s second-largest airport and is 1.5-miles from the Property. Recognized nationally by leading travel publications for its ease of travel, the award-winning airport is operated by the Connecticut Airport Authority, and its operations are entirely self-funded. The airport contributes nearly $3.6 billion to the regional economy. Condé Nast Traveler released the results of its annual 2022 Readers’ Choice Awards, with Bradley International Airport recognized as the 2nd best airport in the U.S.

AREA RETAILERS & BUSINESSES: Additional retailers and businesses driving traffic to the area include Hampton Inn, Bradley Inn, Double Tree by Hilton, Homewood Suites, LaQuinta Inn & Suites, Fairfield Inn & Suites, Motel 6, Candlewood Suites, Days Inn, Econo-Lodge, Springhill Suites, Holiday Inn Express, Webster Bank, Ruby Tuesday, McDonald’s, Burger King, Wendy’s, Taco Bell, Popeye’s, and Dunkin’.

DEMOGRAPHICS: There are approximately 21,900 people living within 3-miles of the Property with an average household income of $124,550. More than 47,400 people live within 5-miles of the Property with an average household income of $129,576. Additionally, there are more than 51,400 employees within 5-miles of the Property.

TRAFFIC COUNTS: More than 14,700 vehicles per day pass the Property along Boston Post Road (US Route 1), an additional 55,700+ vehicles travel along the nearby CT Route 20 (Bradley International Airport Connector), which provides direct access to Bradley International Airport.

Listing Contacts

MN
MA 134870
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
5.77%
Cap Rate
5.77%
ROI

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Additional Information

Name
ETHAN COLE
License
REB.0791749
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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