22 Tolland Tpke Willington, CT 06279

Property Details for 22 Tolland Tpke

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.66 lot acres

Property size

9,250 SF

Zone code

DC

Property type

Showrooms

APN

WILL M:30 L:015-00

APU

WILLM30L01500

Description

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.

Location Insight

City

Willington

County

Tolland

State

Connecticut

Longitude

-72.3023

Latitude

41.8804

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments