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    22 Tolland Tpke Willington, CT 06279

    Sponsored
    For Sale
    $1,817,000

    High-yield CT convenience store, 9.4 years remaining.

    Property size:
    9,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 22 Tolland Tpke

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,100 SF
    Lot Size
    115,870 SF

    Building Details

    Year Built
    2019

    HighLights

    • Excellent Tri‑State Area Location: 20 miles northeast of Hartford, CT.
    • Long‑Term Lease: 9.5 years remaining on the base term.
    • Investment‑Grade Tenant: Dollar General, with over 17,000 stores nationwide.
    • NNN Lease: Zero landlord responsibilities.
    • High‑Income Demographics: Average household income over $132,000 within a 5‑mile radius.
    • Prime Interstate Access: Approximately 0.5 miles from I‑84 (64,200 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Skin Care Clinic Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Willington
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.303148655431
    Latitude
    41.880880218059

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    FAQs

    What type of property is this?
    Individual retail property - High-yield CT convenience store, 9.4 years remaining.
    Where is this individual retail property located?
    The property is located at 22 Tolland Tpke Willington, CT.
    What is the asking price?
    The asking price for this property is $1,817,000.
    What are key features of this property?
    This property features: Excellent Tri-State Area Location: 20 miles northeast of Hartford, CT.; Long-Term Lease: 9.5 years remaining on the base term.; Investment-Grade Tenant: Dollar General, with over 17,000 stores nationwide.
    Request Owner's contact information
    22 Tolland Tpke Willington, CT 06279
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 Tolland Tpke Willington, CT 06279
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