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23264515
23264514

649 Wethersfield Ave, Hartford, CT 06114 For Sale

CF
OH 2008001551, OH SAL.2008001551
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Columbus
$1,901,333
439 days on market
Updated 86 days ago

Dollar General Abs NNN | 6.5 Years Left | Hartford, CT

Details
Property Type Retail
Sub Type Storefront
Square Footage 7,489
Cap Rate 6.75%
NOI $128,340
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 11/30/2031
Remaining Term 5.4
Rent Bumps Yes
Lease Options Three, 5 Year Options
Year Built 2016
Buildings 1
Stories 1
Acreage 0.670
Investment Type Net Lease
Lease Commencement 06/04/2015
Ownership Fee Simple

Retail | 6.75% CAP | 7,489 SF

Investment highlights

• Dollar General Abs NNN with 6.5 Years Remaining in Hartford, CT

• Extremely Infill Location: 23,297 Residents in 1-Mi | 131,941 Residents in 3-Mi

• 2016 Construction | Build-to-Suit for Dollar General | Improved Architecture

• Corporate Guarantee | IG S&P “BBB” Credit | $19.25B Market Cap (NYSE: DG)

• 10% Rental Increases in Each of the 3 - 5 Yr. Options

• 31,927 VPD at Signalized Intersection of Wethersfield/Airport

• Minutes From I-91 | Major North-South Highway through New England

• AHHI of $88,139 Within 5-Miles

• Neighboring Retailers Include CVS, Chase Bank, Burger King, Dunkin’,

NAPA, Sunoco, Wendy’s, AutoZone, Family Dollar, Dollar Tree, T-Mobile, Boost Mobile & More

• Dollar General is Ranked #111 on the Fortune 500 List (2024)

• Hartford = Capital City of Connecticut | Largest MSA in CT (1.17M People)

Listing Contacts

CF
OH 2008001551, OH SAL.2008001551
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Columbus

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$128,340.00
$10,695.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Property History

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