THE PROPERTY – 131 Chapel Road, Manchester, Connecticut 06042 (the “Property”)
The Property is a 151,501 square foot industrial distribution facility situated on an 18.4 acre site, located in Manchester, Connecticut (Hartford MSA). The Property has served as the headquarters and exclusive distribution facility of Hartford Distributors, Incorporated (“HDI”) since 1981. The Property was recently acquired in a sale leaseback transaction in which HDI entered into a 20-year NNN lease.
THE MARKET – Hartford MSA
The Town of Manchester, Connecticut is situated approximately 8.5 miles east of downtown Hartford. The Hartford- West Hartford-East Hartford Metropolitan Statistical Area spans the central portion of the State of Connecticut, sits nearly equidistant from New York City and Boston, and has a population of approximately 1.2 million.
THE TENANT – Hartford Distributors, Incorporated (the “Tenant”)
Founded in 1944, HDI is a fourth-generation family owned beer and specialty beverage wholesaler. HDI holds exclusive distribution rights within specified territories in Connecticut for the sale of certain Anheuser-Busch, Heineken and Boston Beer (e.g., Sam Adams) products, as well as 180 specialty brands.
The Trust is offering $10,200,000 of Delaware Statutory Trust (“DST”) Interests for purchase by accredited investors for Section 1031 exchange or direct investment. Initial yield is projected to be 5.50% per annum increasing up to 5.90% per annum by year 8. The DST Interests are being offered in an all cash transaction with no debt financing.1