10 School St - Storefront FOR SALE
East Hartford, CT 06108 |
$1,748,506 USD
615-789-8730
10 School St
East Hartford, CT 06108
HIGHLIGHTS
- ±224,230 residents within a 5-mile radius, providing a dense and stable consumer base for continued retail demand.
- Current lease rate remains below market at under $10 per square foot, offering potential for long-term rental upside.
- Tenant has demonstrated strong location commitment by exercising a 7-year lease extension well in advance of the original term expiration.
- Lease includes structured rent growth, with a scheduled $1.00 per square foot increase during each option period, enhancing income predictability.
- Positioned on a large parcel with durable all-brick construction, reducing long-term capital expenditure requirements and supporting asset longevity.
- Tenant outperformed during the COVID-19 pandemic, experiencing notable increases in same-store sales and profitability.
FOR SALE DETAILS
PRICE
$1,748,506 USD
PRICE/SF
$132 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar Tree
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
1.92 AC
LAND SF
83,635 SF
ZONING
B-1
APN/PARCEL ID
EHAR-000047-000000-000072
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615-789-8730
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615-789-8730
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