Fairfield Inn - Manchester, CT

121 Pavilions Drive, Manchester, CT, 06042, US

Descripción

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Fairfield Inn & Suites located at 121 Pavilions Drive in Manchester, Connecticut (“Property” or “Asset”). Fairfield Inn is operating on a NNN ground lease with zero landlord responsibilities, ±20.5 years of lease term remaining, and 7.5% rent escalations every 5 years in each three (3), ten-year renewal option (except 5.0% in 1st option).

Located in Manchester’s dominant retail node with more than 6,000,000 square feet of retail space, the surrounding shopping centers generate more than 11.6 million visits annually and ranks as the #1 most visited retail node in Connecticut and in the top 4% of most visited retail nodes across the U.S. (Placer.ai). National tenancy in the retail node includes Walmart, Costco, The Home Depot, Hobby Lobby, Target, Whole Foods, and ALDI, among others.

...

Atributos

Precio de venta

2.085.000 €

NOI

100.000 €

WALT

20.5 años

Tipo de arrendamiento

Arrendamiento neto (N/NN/NNN)

Superficie neta construida

4645 m²

Año de construcción

2000

Año de renovación

2010

Media

Aspectos destacados de la inversión

Located in the #1 most visited retail node in Connecticut and in the top 4% of most visited retail nodes across the U.S.
±20-year NNN ground lease with rent increases of 7.5% every five years and three (3), ten-year extension options
Upcoming rent increase in January 2026
Managed by JNR Hotels, a Northeastern-based hospitality owner and operator with over 30+ years of team experience
Marriott, the owner of the Fairfield Inn brand, is among the largest hotel operators globally with 9,300+ locations and a 'BBB' credit rating from S&P
Strong demographics with a ~$120,000 average household income in a five-mile radius