288 FRANKLIN AVE Hartford CT 06114-1848

**CALL FOR OFFERS FRIDAY MAY 22**

Colliers International, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 288 - 290 Franklin Ave, Hartford, CT, a 7,675 square foot retail strip center occupied by People’s United Bank and D’Aprile Package Store. The building sits on ±0.50 acres and has two access points on highly traveled Franklin Avenue. Both Tenants have had long and successful tenures at the property with a combined tenancy of 75 years. High quality construction, diligent maintenance by ownership, and a strong credit bank tenant with $70+ million in deposits highlight the property’s strengths.

**CALL FOR OFFERS FRIDAY MAY 22**

• High Deposit Bank with Drive-Thru This location is a high performer for People’s United Bank with over $70M in deposits, the highest People’s United location in the surrounding area outside of the CBD. The branch has 24 hour banking and features a drive-thru which is rare in such a densely populated area. It is just over a mile from Hartford’s CBD, the closest drive-thru South of the CBD.
• Long Term Tenancy People’s United Bank has occupied the property since the original building was expanded to suit them in 1994. D’Aprile Package Store has been a landmark in the community since 1971 and very well known in the South End of Hartford. Between the two tenants there is 75 years of combined tenancy.
• Recently Extended Leases Both Tenants recently extended their leases at the property. People’s United Bank recently exercised a five (5) year option, while D’Aprile Package Store signed on for ten (10) more years. These recent extensions show that both tenant’s are committed to this location.
• Walkable and Densely Populated Area The Property is located within Hartford’s South End, an urban neighborhood that is home to 13,358 residents. Within 1 mile of the Property are 30,411 people, many of whom walk to this location and/or use Connecticut’s Transit Bus system which has a stop directly next to the Property.