Neighborhood Shopping
1870-1954 Main Street, Hartford, CT 06120
For Sale
Contact for pricing
Two buildings house daily-needs retailers and service businesses under NNN leases.
Property Size39,520 SF
Lot Size2.90 Acres
Price / SF$202.43
Days on Market13
Property Features for 1870-1954 Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Net Operating Income
Site & Location
Anchor Co-Tenants
Highway Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
J.H. Winokur Inc
Listed By:
Jeffrey Winokur · License #NY 31WI0804493
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 5:23PM
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 J.H. Winokur Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center comprises two buildings constructed in 2004, with a combined 39,520 square feet on 2.9 acres. The tenant mix includes Save A Lot, Family Dollar, Wingstop, Sutton Dental & Braces, Super Saver Laundromat, and Home Decor. The property is fully occupied, with NNN lease structures and 122 parking spaces.
Positioned on Main Street, the center has 447 feet of frontage and access to I-91 and I-84. The surrounding population includes 23,727 residents within one mile and 141,531 within three miles.
Positioned on Main Street, the center has 447 feet of frontage and access to I-91 and I-84. The surrounding population includes 23,727 residents within one mile and 141,531 within three miles.
Key Highlights
- 39,520‑square‑foot retail center across two buildings built in 2004
- 2.9‑acre site with 447 feet of frontage on Main Street
- 100% occupancy with NNN lease structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$446,663
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,933,260
$8.9M
Cap Rate 7%
$6,380,900
$6.4M
Cap Rate 9%
$4,962,922
$5.0M
Market Conditions
NOI Build-Up for 39,520 SF
Gross rent
$711.4K $18.00/SF
− Vacancy
−$73.3K −$1.85/SF
EGI
$638.1K $16.15/SF
− OpEx
−$191.4K −$4.84/SF
NOI
$446.7K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,933,260
Cap Rate 7%
$6,380,900
Cap Rate 9%
$4,962,922
Alternative Uses
Best Use
Retail
$6.38M
$5.58M – $7.44M
NOI $446,663 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.78M
$10.31M – $13.74M
NOI $824,586 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 27%
Groceries 25%
Electronics 2%
Family Dollar
Shops & Services
8,842 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,568 visits/mo
0.4 miles
Save-A-Lot
Groceries
8,076 visits/mo
0.1 miles
Citgo
Shops & Services
3,588 visits/mo
0.3 miles
Sunoco
Shops & Services
2,693 visits/mo
0.5 miles
Demographics for 06120, CT
12,636
Population
5,713
Households
2.2
Avg Household Size
32
Median Age
9%
College-Educated
73%
High-School Grad
3.5 sq mi
ZIP Area
3,610
Density / Sq Mi
$33,521
Median Household Income
$35,570
Median Earnings
$1,183
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Retail in Hartford, CT
Frequently Asked Questions
What type of property is this?
Shopping center - Two buildings house daily-needs retailers and service businesses under NNN leases.
Where is this shopping center located?
The property is located at 1870-1954 Main Street Hartford, CT.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 39,520‑square‑foot retail center across two buildings built in 2004; 2.9‑acre site with 447 feet of frontage on Main Street; 100% occupancy with NNN lease structures
