For Sale
$5,155,740

West Hartford, CT 06107

High-Yield Multi-Tenant Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional multi-tenant retail investment property in West Hartford, Connecticut, presents a compelling opportunity. Located at 9926 West, in Hartford County, zip code 06107, this 5,325 square foot property sits on a 1.51-acre lot and boasts a strong 5.00% cap rate, generating a substantial NOI of $257,787. The property features a mix of tenants under a triple-net (NNN) lease structure, ensuring minimal landlord responsibilities. Built in 2023, the property benefits from a 15-year lease term, providing long-term stability and predictable income. The 2,325 square feet of net rentable space is currently occupied by multiple tenants. Its prime location at the intersection of W 12th Ave and Highway 2, with over 31,000 vehicles passing daily, ensures high visibility and accessibility. Nearby businesses include Walmart, Hilton Garden Inn, Jersey Mike's Subs, and Dollar Tree, further enhancing the property's desirability and potential for future growth. The asking price is $5,155,740. This investment offers a rare combination of strong tenant occupancy, a favorable lease structure, and a prime location, making it an ideal addition to any portfolio.

Highlights

  • Exceptional multi-tenant retail investment property in West Hartford, CT (06107).
  • 5,325 SF building on a 1.51-acre lot, offering a 5.00% cap rate and $257,787 NOI.
  • Triple-net (NNN) leased to multiple tenants with a 15-year lease term.
  • Prime location at W 12th Ave and Highway 2, with high daily traffic counts (31,000+ vehicles).
  • Asking price: $5,155,740.

Property Details

Property type
Retail properties
Square Feet
5,325 SF
Year Built
2023
Lot Size (sq. ft)
65,776 SF

Location Insight

City
West Hartford
County
Hartford
State
Connecticut
Latitude
41.752238
Longitude
-72.7629126

FAQs

What type of property is this?
Retail property - High-Yield Multi-Tenant Retail Property
Where is the retail property located?
The property is located at West Hartford, CT.
What is the asking price?
The asking price for this property is $5,155,740.
What are key features of this property?
This property features: Exceptional multi-tenant retail investment property in West Hartford, CT (06107).; 5,325 SF building on a 1.51-acre lot, offering a 5.00% cap rate and $257,787 NOI.; Triple-net (NNN) leased to multiple tenants with a 15-year lease term.
How can I contact the broker?
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