Vacant TGI Fridays
Retail | Delivered Vacant | 7,732 Sq Ft
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a vacant single-tenant investment property located at 209 Hale Road in Manchester, Connecticut (the “Property”). The Property consists of a 7,372 square foot freestanding building with approximately 700 feet of frontage along Hale Road on a 109,771 square foot (2.52-acre) parcel of land. The Property is zoned CUD Comprehensive Urban Development, one of the most versatile designations in Manchester. The Property was previously occupied by TGI Fridays.
The Property is situated along Hale Road, one of two primary entrances to the Shoppes at Buckland Hills (139+ stores, 1.18 million SF), and several other large-scale shopping centers. The Property enjoys outstanding visibility and two points of entry along Hale Road and Slater Road. The Property shares its entrance with a Courtyard by Marriot (86 rooms) and a Residence Inn by Marriot (96 rooms) and is adjacent to two luxury apartment complexes with more than 1,050 apartments. The property is less than one mile from I-84, which has average daily traffic counts in excess of 126,100 vehicles per day.
Investment highlights
THE ASSET: 209 Hale Road consists of a 7,372 square foot freestanding building on a 2.52-acre (109,771 square foot) corner parcel of land. The Property enjoys outstanding visibility and frontage (approximately 700 feet) with three points of access, prominent signage, and abundant on-site parking.
VERSATILE ZONING: The Property is zoned CUD (Comprehensive Urban Development) which is one of the most versatile zoning designations in the city of Manchester. The CUD (Comprehensive Urban Development) is a specialized zoning designation (Article II, Section 8) that promotes flexible, planned development, allowing for a mix of commercial, industrial, and residential uses, along with high-level urban amenities. Permitted uses include but are not limited to retail sales/shopping centers, personal service shops, professional offices, restaurants (including brewpubs), and community facilities like theaters or museums. Contact the agent for more details.
STRATEGIC RETAIL LOCATION: The property is strategically situated in a dense retail corridor consisting of numerous national retailers, big-box stores, and restaurants. The 1.18 million square foot Shoppes at Buckland Hills is 0.5-miles from the property. The Property shares its entrances with a Residence Inn by Marriot (96 rooms) and a Courtyard by Marriot (86 rooms), and is adjacent to more than 1,050 luxury rental units. The Property is less than 1-mile from Interstate 84 and is just minutes from Interstate 384, and 291 and US Highway 44.
RETAIL TRADE AREA: National retailers driving traffic to the immediate area include, Walmart, Lowe’s, The Home Depot, Sam’s Club, Target, Big Y, Kohl’s, Dick’s Sporting Goods, Trader Joe’s, Marshalls, Best Buy, Savers, DSW, Dave & Buster’s, The Edge, Raymour & Flanigan, Walgreens, PC Richard & Son, Frontera Grill, LongHorn Steakhouse, Texas Roadhouse, Olive Garden, Chili’s, Red Robin, Chipotle, McDonald’s, Chick-fil-A, Panera Bread, Taco Bell, Five Guys, Sonic, IHOP, Dunkin’ and Starbucks.
TRAFFIC COUNTS: The Property sees more than 14,600 vehicles per day along Hale Road. Additionally, more than 126,100 vehicles pass near the Property along Interstate 84 each day.
STRONG DEMOGRAPHICS: Over 63,800 people live within 3-miles of the Property with an average household income of $123,522. An impressive 131,100 people live within 5-miles of the Property with an average household income of $124,248. Additionally, there are more than 54,400 employees within 5-miles of the Property.
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