Dollar General

22 Tolland Turnpike, Willington, CT
Deal Type:
Net Lease
Price:
$1,722,000
Cap Rate:
7.65%
Current Rent:
$131,733
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.5 years
Renewal Options:
3, 5 Year Options
Building Sq. Ft.:
9,100 SF
Rent Increases:
None in Initial term, 10% in each extension
Site Size:
2.66 Acres

Investment Highlights

  • Favorable Tri-State Location: 20 Miles Northeast of Hartford
  • Long-term Lease: Tenant Has 9.5 Years Remaining in Base Term
  • Investment Grade Credit: Dollar General Has Over 17,000 Stores
  • Zero Landlord Responsibilities: Absolute NNN Lease Structure
  • High-Income Local Population: Over $132,000 Average Household Income Within 5-Miles
  • Close Proximity to Interstate: About a Half Mile from I-84 which see’s over 64,200 VPD
  • Strong Surrounding of Retailers: Nearby Retailers Include Dunkin’, Willington Wine & Spirits, and USPS

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #REB.0791255

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