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10 School St
East Hartford, CT 06108
Dollar Tree · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ±224,230 residents within a 5-mile radius, providing a dense and stable consumer base for continued retail demand.
- Tenant has demonstrated strong location commitment by exercising a 7-year lease extension well in advance of the original term expiration.
- Positioned on a large parcel with durable all-brick construction, reducing long-term capital expenditure requirements and supporting asset longevity.
- Current lease rate remains below market at under $10 per square foot, offering potential for long-term rental upside.
- Lease includes structured rent growth, with a scheduled $1.00 per square foot increase during each option period, enhancing income predictability.
- Tenant outperformed during the COVID-19 pandemic, experiencing notable increases in same-store sales and profitability.
EXECUTIVE SUMMARY
Kyle Matthews
License # REB.0790986 (CT)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # REB.0790986 (CT)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,274 SF
Building Class
B
Year Built
2005
Price
$1,748,506
Price Per SF
$131.72
Cap Rate
7.25%
NOI
$126,766
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.92 AC
Zoning
B-1
Parking
45 Spaces (3.39 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | EHAR-000047-000000-000072 | Improvements Assessment | $824,580 |
| Land Assessment | $335,660 | Total Assessment | $1,160,240 |
PROPERTY TAXES
Parcel Number
EHAR-000047-000000-000072
Land Assessment
$335,660
Improvements Assessment
$824,580
Total Assessment
$1,160,240
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