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Net Lease

BrightView Landscape

395 Ella Grasso Turnpike, Windsor Locks, CT 06096

Listing Price: $1,183,383

Cap Rate
6.00%
Gross SF
23,055
Price/Gross SF
$51.33
Lot Size
4.87 acres
Year Built
1979
Rentable SF
23,055

Investment Overview

Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to BrightView Landscape. The subject property consists of two buildings that total 23,055 square feet and five parcels that total 4.87 acres, on Ella Grasso Turnpike (Route 75) in Windsor Locks, Connecticut. There are over four years remaining on a double-net (NN) lease with two percent annual rent increases. There are no renewal options.

Windsor Locks, Connecticut is a town in Hartford County that is known as a major transportation hub, housing Bradley International Airport and the New England Air Museum. Located on the west bank of the Connecticut River, the town is roughly midway between Hartford, Connecticut and Springfield, Massachusetts, with convenient access to Interstate 91. Key industries include aerospace (Collins Aerospace), manufacturing, and logistics, with major distribution centers for FedEx, UPS, and Honda.

The Hartford metro is composed of three counties in the center of Connecticut, housing the state capital in Hartford proper and the University of Connecticut in Storrs. While known nationally for its role in the American insurance industry, Hartford has a diverse economic background, which includes aerospace, hydrogen/fuel cell technology, laser manufacturing and health care industries.

BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States.

Investment Highlights

  • BrightView Has Occupied This Site Since 2017
  • Two Percent Annual Increases
  • Below Market Rents
  • Well Below Replacement Cost
  • Extensive Asphalt Work Completed in 2019
  • No Renewal Options
  • Proximity to the Only International Airport in the State of Connecticut

Exclusively Listed By

Broker of Record

  • John Krueger

    VP, National Director of Development and Training

    (212) 430-5157

    License(s) CT: REB.0791913

    Connecticut

Net Lease

BrightView Landscape

Listing Price: $1,183,383

Cap Rate
6.00%
Gross SF
23,055
Price/Gross SF
$51.33
Lot Size
4.87 acres
Year Built
1979
Rentable SF
23,055

Investment Highlights

  • BrightView Has Occupied This Site Since 2017
  • Two Percent Annual Increases
  • Below Market Rents
  • Well Below Replacement Cost
  • Extensive Asphalt Work Completed in 2019
  • No Renewal Options
  • Proximity to the Only International Airport in the State of Connecticut

Investment Overview

Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to BrightView Landscape. The subject property consists of two buildings that total 23,055 square feet and five parcels that total 4.87 acres, on Ella Grasso Turnpike (Route 75) in Windsor Locks, Connecticut. There are over four years remaining on a double-net (NN) lease with two percent annual rent increases. There are no renewal options. Windsor Locks, Connecticut is a town in Hartford County that is known as a major transportation hub, housing Bradley International Airport and the New England Air Museum. Located on the west bank of the Connecticut River, the town is roughly midway between Hartford, Connecticut and Springfield, Massachusetts, with convenient access to Interstate 91. Key industries include aerospace (Collins Aerospace), manufacturing, and logistics, with major distribution centers for FedEx, UPS, and Honda. The Hartford metro is composed of three counties in the center of Connecticut, housing the state capital in Hartford proper and the University of Connecticut in Storrs. While known nationally for its role in the American insurance industry, Hartford has a diverse economic background, which includes aerospace, hydrogen/fuel cell technology, laser manufacturing and health care industries. BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States.

Exclusively Listed By

Broker of Record

  • John Krueger

    VP, National Director of Development and Training

    (212) 430-5157

    License(s): CT: REB.0791913

    Connecticut

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