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38 E MAIN ST Vernon CT 06066-3206

[Locked] • APN 09013146-4000900001A

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Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Building SqFt 10,640
Lot SqFt 71,672
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code DBR
Year Built 2024
Building Count 2
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Remaining Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Convenience Store, Pharmacy/Drug, Storefront
Asking Details
Asking Cap Rate
******
Marketing Description

HMX Realty Advisors exclusively presents for sale a brand new Dollar General located in Vernon, CT. This newly constructed, 10,640 sf building features upgraded construction and sits on a 1.64 acre parcel of land. Upgraded materials include brick and glass on all 4 sides, architectural asphalt shingles on the roof, hardie-board siding as well as brick and decorative gooseneck lighting fixtures in a New England style (see pg 3 for elevation plan). The store is expected to open in February 2024.

Investment Highlights
  • Dollar General Corp | NYSE: DG | S&P Rating: “BBB” Investment Grade

  • Brand new 2024 construction

  • New 15 year absolute triple net Lease

  • Upgraded construction with brick and glass

  • Suburb of Hartford, CT (approximately 15 minutes west)

  • Strong demographics – Average household income in 5-miles: $117k+

Property Type
Property Type
Office, Retail
Investment Highlights
  • Prime Office / Retail Site in the Center of Rockville Village
  • High Visibility Across from Tolland County Courthouse
  • Two (2) Structures: Building #1: 7,360 +/- Sf and Building #2: 4,318 +/- Sf
  • Opportunity for Redevelopment on 1.645 +/- Ac Parcel
Property Type
Property Type
Retail
Property Subtype
Shopping Center
Asking Details
Asking Cap Rate
******
Marketing Description
The subject property is located at 38-42 East Main Street in the Rockville section of Vernon, Connecticut. Vernon is located in Tolland County, which is located in the northeastern part of the state of Connecticut. Vernon is also the most populous town in Tolland County.


The property sits at the intersection of East Main Street and Court Street with access from each street as well as Brooklyn Street in the rear; it also shares access with the adjacent shopping center and has a reciprocal easement agreement in place for additional parking. It is centrally located with easy access to Interstate 84, only about one and one-half mile south of the site. Rockville General Hospital is less than a half mile west of the site and Vernon’s Town Hall is located across the street. The hospital is operated by Eastern Connecticut Health Network, which is owned by Prospect Medical Holdings, Inc. Established in 1996, Prospect Medical Holdings, Inc. is a for-profit national company that has grown into a significant provider of regional healthcare services in Southern California, Connecticut, New Jersey, Pennsylvania and Rhode Island.


The property is being auctioned via on September 21-23, 2020. Visit the website for more information and to review property documents:

38-42 E Main Street Auction Website

Investment Highlights
  • Centrally Located on East Main Street within Close Proximity to Interstate 84
  • Located across from Rockville Superior Court and near Rockville General Hospital
  • Drive Through Windows Available
  • Upside Through Lease Up
  • Redevelopment Opportunity
  • Interest from Developers to Repurpose Several of the Area Mills to Residential and Mixed-Use as well as Existing Redevelopment of Several Office Buildings
  • Area Demographics Include Over 62,000 People within Five Miles with Average Household Incomes Over $109,000

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
AA
Andrew M.T. Armata
•••.•••.1983
•••mata@•••••••••••••••.com
Brokerage logo
Sold on
 BY:
JF
Joseph French Jr. PRO
•••.•••.9740
•••ench@••••••.com
Brokerage logo
Sold on
 BY:
KT
Kodi Traver
•••.•••.9758
••••.••aver@•••••••••••••••.com
Brokerage logo
Sold on
 BY:
DD
Dan de Sa PRO
•••.•••.3947
dan@•••••••.com
Brokerage logo
Sold on
 BY:
RJ
Robert James
•••.•••.0072
rob@•••••••.com
Brokerage logo

Map

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