Stand-Alone Dollar Tree
10 School St, East Hartford, CT 06118
Dollar Tree store with corporate guarantee and strong rent growth.
Type:Retail
Property size:
13,274 SFLot size:
1.92 AcresPrice / SF:
$131/SF- Added:
- Mar 2, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 1:54 pm
Property Features for 10 School St
General Information
- Standard status
- Active
- Size
- 13,274 SF
- Lot size
- 1.92 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office Matthews
Listing date Mar 2, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Matthews
HighLights
- Corporate Guarantee - Investment Grade Credit Rating
- Recession‑Proof Tenant – Dollar Tree outperformed during the COVID‑19 pandemic
- Tenant Commitment – Tenant recently exercised an early 7‑year extension
- Strong Rent Growth – Rare $1.00 psf increases in the rent at each option period
- High Visibility – Located on a hard signalized corner with traffic counts exceeding 12,400 VPD
- Dense Infill Location – High population density within a 5‑10 mile radius
Overview
This stand-alone Dollar Tree store is one of seven operating throughout Connecticut. The property is situated in a dense infill location with an estimated population of 224,230 residents within a 5-mile radius, boasting an average household income of $90,058, and an estimated population of 522,003 residents within a 10-mile radius. Located on the hard signalized corner of School St and Burnside Ave, the site benefits from high visibility and consistent traffic counts exceeding 12,400 vehicles per day. The tenant has demonstrated commitment to the site by recently exercising an early 7-year extension. The lease includes rare $1.00 per square foot increases in rent at each option period. The building features durable all-brick construction with a rubberized roof and is located on a large, 1.92-acre lot. Dollar Tree, a recession-proof tenant, outperformed during the COVID-19 pandemic, experiencing a notable increase in same-store sales and profitability. Dollar Tree operates over 8,00 locations across 48 states and 5 Canadian provinces and provides a corporate guarantee with an investment-grade credit rating. The property size is 13,274 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $238.9k | $18.00 |
| − Vacancy | −$24.6k | −$1.85 |
| EGI | $214.3k | $16.15 |
| − OpEx | −$64.3k | −$4.84 |
| NOI | $150.0k | $11.30 |
13,274 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.14M
$1.88M – $2.50M
NOI $150,025 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $276,962 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Amazon Locker - Jenke
Courier Service
Dollar Tree
Discount Store
Location Insight
- Map
- Local Demand
- City
- East Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6106872
- Latitude
- 41.7802109
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Dollar Tree store with corporate guarantee and strong rent growth.
Where is this storefront property located?
The property is located at 10 School St East Hartford, CT.
What is the asking price?
The asking price for this property is $1,748,506.
What are key features of this property?
This property features: Corporate Guarantee - Investment Grade Credit Rating; Recession‑Proof Tenant – Dollar Tree outperformed during the COVID‑19 pandemic; Tenant Commitment – Tenant recently exercised an early 7‑year extension
