INVESTMENT SUMMARY

21 LaSalle Road West Hartford, CT 06107

CONTACT BROKER

BROKER OF RECORD

Atlantic Investments

Tenant Commitment: Starbucks has shown commitment to the location by renewing their lease for 10 years with options to extend. Prai Kitchen is a strong operator that has multiple units and is backed by a personal guarantee with a strong net worth.
Investment Grade Tenant: Nearly 60% of the property is leased to investment grade Starbucks Corporation (NASDAQ: SBUX) with over 30,000 stores in 78 markets creating stability in cash flow
Minimal Landlord Responsibility: Both tenants are on NNN leases with all property expenses passed through to tenants; little management required
Vibrant Downtown Retail Trade Area and Market: Located at the center of the most popular downtown area is colloquially known as “West Hartford Center”
Surrounded by National Retailers: CVS Pharmacy, Chipotle, Cheesecake Factory, Subway, Dunkin Donuts and Ace Hardware
Dense Infill Location: Densely populated neighborhood with over 160,000 residents and an average household income of $86,122 in a 5-mile radius
High Barriers to Entry: Land and parking spaces are rare and highly coveted, making it a tight market to penetrate creating a limited supply of space for tenants