181 Raffia Rd Enfield, CT 06082
- Retail properties
- 10,640 SF
- 2.38 lot acres
Current Use by Public Records
- Retail properties
Property Details for 181 Raffia Rd
- Year built
- 2024
- Lot size
- 2.38 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 10,640-square-foot Dollar General store in Enfield, Connecticut. Located at 181 Raffia Rd, 06082, this property benefits from a 15-year absolute triple-net (NNN) lease commencing July 1, 2024, and expiring July 1, 2039, offering a remaining lease term of approximately 14.6 years. The tenant, Dollar General Corporation (NYSE: DG), holds an S&P investment-grade credit rating, providing investors with significant security. The property boasts a 6.25% cap rate and a net operating income (NOI) of $170,280, with an asking price of $2,724,480 ($256.06 per square foot). Situated on a 2.38-acre lot, the building's advantageous location is adjacent to JFK Middle School, serving over 1,000 students. Strong demographics further enhance the investment's appeal, with an average household income exceeding $115,000 within a three-mile radius and consumer spending exceeding $343 million in 2023 within the same area. This 2024-built property represents a secure, high-yield investment in a thriving Connecticut market. The property is suitable for a 1031 exchange.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Enfield
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.5645
- Latitude
- 41.9551
