Hartford Retail Investment
649 Wethersfield Ave Hartford, CT
For Sale
Contact for pricing
Dollar General investment property with corporate guarantee in Hartford, CT.
Property Size7,500 SF
Lot Size0.83 Acres
Price / SF$292.51
Days on Market336
Property Features for 649 Wethersfield Ave
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.83 Acres
- Property subtype
- RETAIL
Listing Agency:
HMX Realty Advisors - Corporate
(212) 686-0072
Listed By:
Robert James · License #OH:SAL.2008001551
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:57AM
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 HMX Realty Advisors - Corporate
Investment Insights
Based on property information with market context.
This retail property is located in Hartford, Connecticut, within the greater Hartford metropolitan area. The property is near Interstate 91, which experiences traffic counts exceeding 130,000 vehicles. The surrounding area has an average household income exceeding $70,000 within a 5-mile radius, and a population of over 279,000 within the same radius. The property is currently occupied by Dollar General, operating under a corporate guarantee. Dollar General is a publicly traded company on the NYSE (DG) with an S&P rating of “BBB-”, indicating an investment-grade credit rating. The lease has over 8 years remaining.
Key Highlights
- Dollar General Corporate Guarantee
- NYSE: DG | S&P Rating: “BBB-” Investment Grade
- Over 8 years remaining of lease term
Financial Insights For Specialty 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 | $144.0k | $19.20 |
| − Vacancy | −$11.5k | −$1.54 |
| EGI | $132.5k | $17.66 |
| − OpEx | −$33.1k | −$4.42 |
| NOI | $99.4k | $13.25 |
7,500 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,360 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,767 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,488 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
KeyMe Locksmiths
Locksmith
Similar Off Market Nearby
- Victoria’s Market — 120 Webster St, Hartford, CT 06114
- D-Town Supermarket LLC — 465 Wethersfield Ave, Hartford, CT 06114
- Maple Mini Market — 455 Maple Ave A, Hartford, CT 06114
- Winston West Indian American Market — 451 Wethersfield Ave, Hartford, CT 06114
- La tiendita latina LLC — 23 New Britain Ave, Hartford, CT 06106
FAQs
What type of property is this?
Grocery and convenience store - Dollar General investment property with corporate guarantee in Hartford, CT.
Where is this grocery and convenience store located?
The property is located at 649 Wethersfield Ave Hartford, CT.
What is the asking price?
The asking price for this property is $2,193,846.
What are key features of this property?
This property features: Dollar General Corporate Guarantee; NYSE: DG | S&P Rating: “BBB-” Investment Grade; Over 8 years remaining of lease term
