700 Hopmeadow Street, Simsbury, CT 06070

THE ASSET: Drake Hill consists of a 53,951 square foot neighborhood shopping center positioned on 5.42 acres of land along Hopmeadow Street in Simsbury. The Property is comprised of three retail buildings and is leased to a diverse mix of sixteen (16) national, regional, and local tenants. Anchored by Fitzgerald’s Foods (Geissler’s) and CVS Pharmacy, the center serves as a longstanding grocery and convenience-oriented retail destination within the Farmington Valley and benefits from strong surrounding demographics and consistent daily traffic.

STRONG TENANT ROSTER: The Property is home to a complementary mix of grocery, pharmacy, restaurant, service, and specialty retail tenants that provide consistent customer traffic throughout the day. Anchor tenants include Fitzgerald’s Foods (Geissler’s) and CVS Pharmacy, supported by a diverse lineup of local, regional and national businesses (including Jersey Mike’s, TD Bank, and Webster Bank) that serve the surrounding affluent residential communities. The merchandising mix creates a stable neighborhood-oriented shopping environment with a strong emphasis on daily-needs retail and convenience-based shopping.

DYNAMIC ANCHOR TENANTS: Fitzgerald’s Foods (Geissler’s) has operated as a longstanding community grocery anchor within Simsbury and the Farmington Valley, providing fresh grocery offerings and neighborhood-focused service that drive repeat customer visitation to the center. CVS Pharmacy remains one of the nation’s leading pharmacy and convenience retailers, operating approximately 9,000 locations nationwide and serving as a major traffic generator through its pharmacy, health, and everyday convenience offerings. Together, the anchors provide Drake Hill with a stable consumer base and position the Property as an established retail destination within one of Central Connecticut’s most affluent suburban communities.

RECENT CAPITAL IMPROVEMENTS: Drake Hill has undergone several key upgrades that strengthen its long-term durability and reduce future capital needs. A new Duro-Last roof system was installed in 2023–2024 with transferable 20- year warranties, new facades, and the main building’s sewage and drainage infrastructure was fully replaced in 2024, improving long-term reliability and protecting against future system failures.

ENERGY & TENANT IMPROVEMENTS: The Property benefits from newly installed solar panels completed in 2024 and operational in 2025 under a long-term PPA with Eversource, providing an additional income component. Recent storefront and tenant improvements, including updates to Fitzgerald’s Foods (Geissler’s) and other in-line spaces, have enhanced the overall appearance and tenant stability of the center.

SCHEDULED RENT INCREASES: The majority of the leases call for scheduled rent increases during the primary lease terms and renewal options, providing an investor with an attractive increase in revenue and hedge against inflation.

PRIME RETAIL LOCATION: 700–710 Hopmeadow Street is strategically positioned along Hopmeadow Street (US-202), the primary commercial corridor serving Simsbury and the surrounding Farmington Valley region. The property benefits from strong visibility, convenient access, and placement within one of Central Connecticut’s most affluent suburban communities. The corridor is home to a diverse mix of restaurants, retailers, medical offices, and professional services that generate consistent daily traffic throughout the area. The property is located near several of Simsbury’s major community and recreational destinations, including the Simsbury Meadows Performing Arts Center and the International Skating Center of Connecticut, both of which attract significant regional visitation through concerts, events, tournaments, and year-round programming. In addition to serving local residents, the corridor draws consumers from neighboring communities including Avon, Granby, Canton, and Bloomfield, reinforcing Hopmeadow Street’s role as the area’s primary retail and service destination.

AREA ECONOMIC DRIVERS: Simsbury’s combination of affluent demographics, strong schools, high quality of life, and convenient access to Greater Hartford has made it one of Central Connecticut’s most desirable suburban communities. The local economy benefits from proximity to Hartford’s major employment base, including leading insurance, healthcare, financial services, and manufacturing employers, which support strong household incomes and long-term residential stability throughout the Farmington Valley region. The town has continued to invest in community amenities, recreation, and cultural destinations that enhance both residential appeal and visitor activity. Ongoing improvements at the Simsbury Meadows Performing Arts Center, including a $2.8 million renovation project, and the planned expansion of the International Skating Center of Connecticut reflect continued investment and growth occurring throughout the community. These projects, combined with strong consumer demographics and limited commercial supply, continue to support the long-term strength of the Hopmeadow Street corridor as a stable retail and service-oriented market.

TRADE AREA: The Hopmeadow Street corridor in Simsbury serves as the primary retail and service destination for the Farmington Valley, drawing consumers from surrounding communities including Avon, Granby, Canton, and Bloomfield. Notable tenants and nearby destinations include a major campus for Ensign-Bickford Aerospace & Defense, Bank of America, UConn Health, Simsbury Farms Recreation Complex, as well as local and regional restaurants, retailers, and service providers that generate consistent daily traffic along the corridor.

TRAFFIC COUNTS: Over 18,400 vehicles pass the Property every day at the signalized intersection of Hopmeadow Street with Drake Hill Road.

AFFLUENT DEMOGRAPHICS: More than 17,800 people live within 3 miles of the Property with an impressive average household income of $194,196. Approximately 47,300 people live within a 5-mile radius of the Property with an average household income of $186,142. Additionally, there are more than 33,771 employees within 5 miles of the Property.