Apple Hill Commons Portfolio
Retail | 7.23% CAP | 13,857 SqFt
Marketing description
Property Overview
Lakeshore Realty is pleased to exclusively present the Apple Hill Commons Portfolio, a premier commercial investment opportunity located in Burlington, Connecticut. This unique offering consists of 285 Spielman Highway, 9 Covey Road, and 245 Spielman Highway, combining two well-maintained, income-producing commercial buildings with a separately owned 1.57± acre Central Business (CB) zoned development parcel.
The portfolio is anchored by a high-quality and diversified tenant base that includes Torrington Savings Bank, Bristol Hospital & Health Care, Olivia's Trattoria, RFH Groups Medical Office, legal professionals, counseling practices, financial services, retail businesses, restaurants, salons, and other professional office tenants. This broad tenant mix provides dependable cash flow while minimizing reliance on any single industry.
Positioned along Burlington's highly traveled Route 4 (Spielman Highway) commercial corridor, the properties benefit from outstanding visibility, convenient access, ample on-site parking, and a well-established business environment. The portfolio also features long-term leases with scheduled rental increases, providing investors with predictable income growth and exceptional portfolio stability.
Adding significant long-term value is 245 Spielman Highway, a separate 1.57± acre Central Business (CB) zoned development parcel. Burlington's CB zoning is intended to support the town's primary commercial district and permits a wide variety of commercial uses—including professional offices, medical offices, retail establishments, restaurants, financial institutions, and personal service businesses—subject to municipal approvals. This creates an exceptional opportunity for future development, expansion, or value-add redevelopment while preserving the existing cash flow from the stabilized assets.
Whether acquired as a long-term core investment, a value-add opportunity, or as part of a 1031 exchange strategy, the Apple Hill Commons Portfolio offers the rare combination of stable in-place income, institutional-quality tenancy, contractual rental growth, and future development potential in one of Burlington's most established commercial locations.
Tenant Highlights
- Torrington Savings Bank
- Bristol Hospital & Health Care
- Olivia's Trattoria
- RFH Groups Medical Office
- Kordas Korner
- Tax Pros
- Burlington Hair Salon
- Center for Emotional Healing
- Burlington Counseling Center
- Liz Berman, Attorney
- Deedra Racone, Attorney
- Morin's Flooring
- Andrew Perry Construction
- New Hope Therapy
- TenGate Geo
- Additional professional office, retail, restaurant, and service-oriented tenants
Investment highlights
285 Spielman Highway • 9 Covey Road • 245 Spielman Highway | Burlington, Connecticut
Investment Highlights
- Rare opportunity to acquire a three-property commercial investment portfolio in the heart of Burlington's thriving Route 4 commercial corridor.
- Two stabilized, income-producing commercial buildings complemented by a 1.57± acre Central Business (CB) zoned development parcel.
- Approximately 3.13± acres of strategically positioned commercial real estate with excellent frontage, visibility, and accessibility.
- Strong, diversified tenant roster featuring Torrington Savings Bank, Bristol Hospital & Health Care, Olivia's Trattoria, RFH Groups Medical Office, attorneys, counseling practices, retail businesses, restaurants, salons, financial services, and professional office users.
- Stable in-place cash flow supported by long-term tenancy and limited industry concentration.
- Numerous leases feature contractual rent escalations, providing built-in NOI growth.
- Multiple tenants committed through 2029, 2030, 2031, and 2036, creating exceptional income stability.
- 245 Spielman Highway is commercially zoned Central Business (CB), allowing a broad range of commercial uses including professional offices, retail, restaurants, financial institutions, medical offices, and personal service businesses, subject to municipal approvals.
- Significant long-term upside through future development, expansion, or repositioning of the CB-zoned land parcel.
- Excellent opportunity for private investors, developers, family offices, and 1031 exchange buyers seeking both immediate income and future appreciation.
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