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101 Ella Grasso Tpke, Windsor Locks, CT, 06096

Ruby Tuesday
$3,361,894

Key Information

Cap Rate
8.5%
$ per SF
$561
Tot. SF
5,983
Lot Size
1.77 Acres
Year Built
2005
Term Remaining
± 6.5 Years
Type
Retail
NOI
$285,761

Highlights

  • Adjacent to Bradley International Airport | 6M Annual Passengers: The Property benefits from its immediate proximity to Bradley International Airport, which sees approximately 6 million annual visitors, driving consistent traffic from travelers, airline staff, and business professionals.
  • Large Parcel | 1.77 AC: Situated on an expansive 1.77-AC lot, the Property offers excellent site functionality, strong residual land value, and long-term redevelopment potential.
  • Absolute NNN Lease | Corporate Guarantee: The asset is secured by a corporately guaranteed lease from Ruby Tuesday, Inc. and structured as an absolute triple-net (NNN) lease, providing a passive investment with zero landlord responsibilities.
  • Built-In Rent Growth | 2% Annual Increases: The lease features 2% annual rent escalations, offering steady income growth and a hedge against inflation over the term.
  • Strong Traffic Counts | 22,000 VPD: The Property is positioned along a heavily trafficked corridor with over 22,000 vehicles per day, ensuring strong visibility and accessibility.
  • Strategic Location Between Major MSAs: The Property is ideally situated between Hartford, CT and Springfield, MA, and just 15 minutes from downtown Hartford, providing access to a broad regional consumer base and benefiting from commuter traffic and economic activity across multiple metropolitan areas.
  • Dense Retail & Hospitality Synergy: The immediate trade area features a strong concentration of national hotels, restaurants, and airport-serving retail, creating a built-in customer base and reinforcing the Property’s strategic location.
  • High Barrier-to-Entry Airport Submarket: Limited available land and strong demand around Bradley International Airport create a supply-constrained environment, enhancing long-term real estate value and tenant demand.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # REB.0790986 (CT)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203