Abby Park - 29-35 & 51 North Main Street
Office | 8.75% CAP | 49,108 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Abby Park, a multi-tenant retail and office investment property located at 29- 35 and 51 N Main Street in Southington, Connecticut (the “Property”). Abby Park consists of three adjacent multi-tenant retail and office buildings and contains 49,108 square feet of rentable space on 0.84 acres of land. Abby Park is 80.92% occupied, offering a strong in-place income and significant upside through the lease up of the vacant space.
Abby Park is prominently situated along N. Main Street (CT Route 10), the community’s primary retail and commuter artery. The Property offers strong visibility, substantial frontage, and convenient ingress and egress within an established commercial corridor characterized by solid traffic volumes. Located near the intersection with Center Street, the site is surrounded by a blend of national and local retailers, restaurants, and service-oriented businesses that generate steady daily activity. The surrounding commercial density, combined with mature residential neighborhoods, supports a consistent consumer base. The Property also provides excellent regional accessibility, with Interstate 84 accessible via Exits 30, 31, and 32 approximately 1.7 miles away, allowing for efficient connectivity to Downtown Hartford, Downtown Waterbury, and key employment centers along the Interstate 84 corridor.
Investment highlights
THE ASSET: Abby Park is comprised of three adjacent multi-tenant retail and office buildings. The building contains a total of 49,108 square feet of space on a combined 0.84-acres (two separate tax lots). The Property is currently 80.92% occupied by a variety of retailers, businesses and professional services that serve the needs of the area’s residents and visitors. Abby Park offers on-site parking at the rear of the Property and also benefits from the adjacent municipal parking lot.
SIGNIFICANT UPSIDE POTENTIAL: Abby Park is 80.92% occupied and offers significant upside through the lease up of the vacant suites. The Property has fifteen (15) vacant suites totaling 9,368 square feet. The vacant suites range in size from 125 to 2,736 square feet, allowing the owner to accommodate a versatile range of tenant space needs. Additionally, a number of the in-place leases call for scheduled rent increases throughout the primary lease term or at the renewal options, providing an attractive increase in revenue and a hedge against inflation.
STRATEGIC LOCATION: Abby Park occupies a prime location along N. Main Street (CT Route 10), the dominant retail and commuter corridor serving the market. The Property benefits from exceptional frontage, strong visibility, and convenient access within a well-established and high-performing commercial trade area. Positioned near the intersection of Center Street and surrounded by a complementary mix of national and local retailers, restaurants, and service providers, the site captures consistent consumer traffic driven by both commercial density and the area’s mature residential base.
The Property also offers outstanding regional connectivity, with immediate access to Interstate 84 via Exits 30, 31, and 32, located approximately 1.7 miles away. This proximity provides direct linkage to Downtown Hartford, Downtown Waterbury, and major employment centers along the Interstate 84 corridor. With its strategic positioning along a primary arterial roadway and access to key transportation infrastructure, Abby Park is well situated to support long-term tenant performance and sustained investment stability.
TRADE AREA: Retailers and amenities in the area include Walmart, Stop & Shop, ShopRite, Price Chopper, Home Depot, BJ’s Wholesale Club, Pilgrim Furniture, Bob’s Discount Furniture, TJ Maxx, Staples, Guitar Center, Petco, Planet Fitness, CVS, Walgreens, Advance Auto Parts, AutoZone, Firestone, Monro, Chili’s, Buffalo Wild Wings, Outback, Chipotle, Chick-fil-A, Panera, Starbucks, McDonald’s, Wendy’s, Taco Bell, KFC, IHOP, Denny’s, Dunkin’, Dominos, Subway, and 7-Eleven.
TRAFFIC COUNTS: More than 13,900 vehicles pass by the Property each day along N Main Street.
STRONG DEMOGRAPHICS: Approximately 40,300 people live within 3 miles of the Property with an average household income of $155,202. More than 78,700 people live within 5 miles of the Property with an average household income of $142,384.
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