22 Tolland TpkeWillington, CT 06279

Property Details for 22 Tolland Tpke

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.66 AC

Property size (Sq ft)

9,250 SF

Zone code

DC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WILL M:30 L:015-00

APU

WILLM30L01500

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,248,073

  6.5%

  $2,075,144

  7%

  $1,926,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,045,684

  Geo Method

  $3,045,684

• Alternative Use

  Use

  Valuation

  Residential

  $1,750,462

  Hospitality

  $1,603,414

  Educational

  $1,334,021

  Medical

  $1,379,900

  Retail

  $2,075,144

Location Insight

City

Willington

County

Tolland

State

Connecticut

Latitude

41.8804

Longitude

-72.3023

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].