669-691 Silas Deane Highway

CBRE is pleased to offer for sale 669-691 Silas Deane Highway, Wethersfield, Connecticut, a 25,463 square feet (SF) retail strip center located on the corner of Wells Road (Route 175) and the Silas Deane Highway (Route 99). This sale provides a rare opportunity for an investor to purchase a prime real estate asset that has been held by the same ownership group for generations. The property is strategically situated in the Hartford South submarket with convenient access to Interstate 84, Interstate 91 and Route 2 via Route 3 and Route 5/15. The plaza is zoned Town Center “TC” Business District and sits on 2.37 acres (103,468 SF) at a traffic light with two (2) curbs cuts along Wells Rd and two (2) curb cuts on the Silas Deane Highway via an access agreement.

Currently, this retail center is a stabilized asset with 97.4% occupancy and only a small vacancy of 651 SF. As of today, the center houses ten (10) retail tenants ranging in size from 525 SF up to 6,750 SF including a regional paint store, three (3) food operators, a lighting store, comic/novelty store, barber shop, pawn shop and a cleaning service. The basement is not included in the square footage; however, it is available for tenant’s storage.