Dollar Tree | East Hartford, CT | 7.25% Cap Rate
Renewed Lease Early | 224k Residents within 5-mile radius | Paying $9.55 per sq/ft
Marketing description
Limited Inventory – This store is 1 of 7 stand-alone Dollar Trees that operate throughout Connecticut
Dense Infill Location – estimated population of 224,230 residents within a 5-mile radius boasting an average household income of $90,058 – estimated population of 522,003 residents within a 10-mile radius
High Visibility – Located on the hard signalized corner of School St and Burnside Ave which sees consistent traffic counts exceeding 12,400 VPD
Tenant Commitment – Tenant has demonstrated their commitment to the site by recently exercising an early 7-year extension
Strong Rent Growth – Rare $1.00 psf increases in the rent at each option period
“Good Bones” – Durable all brick construction with a rubberized roof located on a large, 1.92 acre lot
Recession-Proof Tenant – Dollar Tree outperformed during the COVID-19 pandemic, experiencing notable increase in same-store sales and profitability.
National Tenant Strength – Dollar Tree operates over 8,00 locations across 48 states and 5 Canadian provinces
Corporate Guarantee – Investment Grade Credit Rating
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