Abs NNN | Bradley Int'l Airport | 6M Annual Visitors
8.50% Cap Rate | HUGE 1.77 AC Lot
Marketing description
Matthews™ is pleased to present the opportunity to acquire a fee simple, single-tenant net-leased Ruby Tuesday located in Windsor Locks, CT, directly adjacent to Bradley International Airport, the second-largest airport in New England. The Property represents a highly attractive opportunity to acquire a corporately guaranteed, passive investment in a supply-constrained, high-traffic corridor driven by both local and national travel demand.
Strategically positioned along a primary thoroughfare servicing the airport, the ±5,983 SF property benefits from exceptional visibility, strong access, and traffic counts exceeding 22,000 vehicles per day. Bradley International Airport serves approximately 6 million passengers annually, creating a consistent influx of travelers, business professionals, and hospitality-driven traffic that directly supports surrounding retail and restaurant uses.
Situated on a 1.77-acre parcel, the property is surrounded by a dense cluster of hotels, national retailers, and airport-oriented commercial uses, creating a highly synergistic environment with strong daily traffic patterns. This offering provides investors with the opportunity to acquire a high-performing, well-located asset with durable demand drivers, contractual rent growth, and long-term real estate value.
Investment highlights
Property Highlights
- Adjacent to Bradley International Airport | 6M Annual Passengers: The Property benefits from its immediate proximity to Bradley International Airport, which sees approximately 6 million annual visitors, driving consistent traffic from travelers, airline staff, and business professionals.
- Large Parcel | 1.77 AC: Situated on an expansive 1.77-AC lot, the Property offers excellent site functionality, strong residual land value, and long-term redevelopment potential.
- Absolute NNN Lease | Corporate Guarantee: The asset is secured by a corporately guaranteed lease from Ruby Tuesday, Inc. and structured as an absolute triple-net (NNN) lease, providing a passive investment with zero landlord responsibilities.
- Built-In Rent Growth | 2% Annual Increases: The lease features 2% annual rent escalations, offering steady income growth and a hedge against inflation over the term.
- Strong Traffic Counts | 22,000 VPD: The Property is positioned along a heavily trafficked corridor with over 22,000 vehicles per day, ensuring strong visibility and accessibility.
- Strategic Location Between Major MSAs: The Property is ideally situated between Hartford, CT and Springfield, MA, and just 15 minutes from downtown Hartford, providing access to a broad regional consumer base and benefiting from commuter traffic and economic activity across multiple metropolitan areas.
- Dense Retail & Hospitality Synergy: The immediate trade area features a strong concentration of national hotels, restaurants, and airport-serving retail, creating a built-in customer base and reinforcing the Property’s strategic location.
- High Barrier-to-Entry Airport Submarket: Limited available land and strong demand around Bradley International Airport create a supply-constrained environment, enhancing long-term real estate value and tenant demand.
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