For Sale
$1,817,000

22 Tolland TpkeWillington, CT 06279

High-yield CT convenience store, 9.4 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,100 square foot Dollar General convenience store located at 22 Tolland Turnpike, Willington, Connecticut, 06279. The property sits on a 2.66-acre lot and boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $131,733. Built in 2019, this single-tenant property benefits from a corporate-guaranteed Absolute NNN lease with Dollar General, providing zero landlord responsibilities. The lease has a remaining term of 9.4 years, expiring April 30, 2034, with three and five-year renewal options at a 10% rent increase per extension. The property enjoys a prime location approximately half a mile from I-84, a major interstate with over 64,200 vehicles per day, and benefits from a high-income demographic with average household incomes exceeding $132,000 within a 5-mile radius. Nearby retailers include Dunkin', Willington Wine & Spirits, and the USPS, further enhancing the property's desirability. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term, creditworthy tenant in a favorable Tri-State location, approximately 20 miles northeast of Hartford. The property is 100% occupied.

Highlights

  • Excellent Tri-State Area Location: 20 miles northeast of Hartford, CT.
  • Long-Term Lease: 9.5 years remaining on the base term.
  • Investment-Grade Tenant: Dollar General, with over 17,000 stores nationwide.
  • NNN Lease: Zero landlord responsibilities.
  • High-Income Demographics: Average household income over $132,000 within a 5-mile radius.
  • Prime Interstate Access: Approximately 0.5 miles from I-84 (64,200 VPD).

Property Details for 22 Tolland Tpke

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2019
Lot Size (sq. ft)
115,870 SF

Location Insight

City
Willington
County
Tolland
State
Connecticut
Latitude
41.880880218059
Longitude
-72.303148655431
22 Tolland Tpke, Willington, Connecticut

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22 Tolland Tpke
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