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700 Hopmeadow Street
Simsbury, CT 06070
Asking Price
$15.34M
Cap Rate
7.25%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 7.25% Cap Rate | 53,951 Sq Ft <p><strong>THE ASSET:</strong> Drake Hill consists of a 53,951 square foot neighborhood shopping center positioned on 5.42 acres of land along Hopmeadow Street in Simsbury. The Property is comprised of three retail buildings and is leased to a diverse mix of sixteen (16) national, regional, and local tenants. Anchored by Fitzgerald’s Foods (Geissler’s) and CVS Pharmacy, the center serves as a longstanding grocery and convenience-oriented retail destination within the Farmington Valley and benefi
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NOI
$80,000
Cap Rate
0.52%
DSCR
0.09
Underwater
Cash-on-Cash
-18.05%
Monthly Payment
$75,879.454
Annual Cash Flow
$-830,553.45