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Dollar General | Hartford CT 649 Wethersfield Ave ave

7,510 SF Retail Building Hartford, CT 06114 £1,621,890 (£216/SF) 6.25% Net Initial Yield

Investment Highlights

  • Corporately guaranteed by Dollar General, a credit tenant with an investment grade rating of BBB from Standard & Poor’s
  • Absolute NNN lease structure with 7+ years remaining
  • Constructed in 2016 as a Build-to-Suit for Dollar General, the property boasts modern facilities tailored to meet the retailer’s specific requirements
  • STRATEGIC LOCATION | The property is situated just 0.4 miles from I-91 (130,000 VPD), and benefits from excellent visibility
  • The lease includes 10% rent increases in each of the three renewal options, offering potential for enhanced returns over time
  • Situated in a highly walkable section of Hartford surrounded by national tenants and local uses

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 7,510 square foot property leased to Dollar General in Hartford, Connecticut. Built in 2016 as a customized facility for Dollar General, the property boasts a secure 15-year lease with over 7 years remaining in the initial term, featuring substantial 10% rental increases in each of the three, five-year renewal options. Dollar General, an investment grade credit tenant rated BBB by Standard & Poor’s, guarantees the lease, underscoring its stability with nearly 20,000 locations and 2023 revenue of $37.88 billion. This investment opportunity is fully NNN, offering zero landlord responsibilities, making it highly attractive for discerning investors.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,510 SF
Year Built
2016
Price
£1,621,890
Price Per SF
£216
Net Initial Yield
6.25%
NOI
£101,390
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Land Acres
0.67 AC

Links

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Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number HTFD-000276-000686-000073 Improvements Assessment £361,536
Land Assessment £104,771 Total Assessment £466,307

PROPERTY TAXES

Parcel Number
HTFD-000276-000686-000073
Land Assessment
£104,771
Improvements Assessment
£361,536
Total Assessment
£466,307
(484) 567-2340

  • Listing ID: 32422096

  • Date on Market: 11/07/2024

  • Last Updated:

  • Address: 649 Wethersfield Ave ave, Hartford, CT 06114

The Retail Property at 649 Wethersfield Ave ave, Hartford, CT 06114 is currently available For Sale. Contact CBRE, Inc. for more information.

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649 Wethersfield Ave ave, Hartford, CT for sale Primary Photo- Image 1 of 4
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649 Wethersfield Ave ave, Hartford, CT for sale Building Photo- Image 2 of 4
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649 Wethersfield Ave ave, Hartford, CT for sale Building Photo- Image 3 of 4
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Dollar General | Hartford CT | 649 Wethersfield Ave ave
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Dollar General | Hartford CT | 649 Wethersfield Ave ave

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Matthew Gorman

(484) 567-2340

(484) 567-2340

Rob Thompson

(610) 251-0820

(610) 251-0820

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