Dollar General

1600 Boston Turnpike | Coventry | CT Back to Properties


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Property Highlights

    • Dollar General Corp | NYSE: DG | S&P Rating: “BBB-” Investment Grade
    • Brand new 2020 construction
    • New 15 year absolute triple net Lease
    • Upgraded construction – New England Style building
    • Suburb of Hartford and 7 miles from UCONN main campus
    • Next door to CVS, Walgreens and Dunkin’ among others
    • 3-Mile average household income: $129,000+

Property Details

  • Price: $2,267,700
  • Transaction Type: For Sale
  • Property Type: Retail
  • Building Size: 9,100 SF
  • Lot Size: 1.13 AC
  • Cap Rate: 5.75%
  • Year Built: 2021
  • Lease Term 15 years

Property Description

HMX Realty Advisors exclusively presents for sale a brand new Dollar General located in Coventry, CT. This newly constructed building features upgraded construction. Upgraded materials include architectural asphalt shingles on the roof, hardie-board siding as well as brick on all 4 sides, decorative gooseneck lighting fixtures and New England style windowed dormers (see pg 3 for elevation plan).

Dollar General is strategically located on Boston Turnpike St. / US-44, the main though-fare surrounded by many business as well as national tenants. Dollar General is directly next to a CVS, Walgreens, Dunkin’ and KeyBank among others. In addition, UCONN’s main campus is approximately 7 miles east of the property in Storrs, CT. There are nearly 20,000 students at the Storrs campus. Downtown Hartford is a short drive directly west of the property. Headed west, Boston Turnpike/ US-44 turns into I-384 then I-84 which leads into Hartford making this ideal for commuters.

The average household income within 3-miles of the property is over $129,000. Coventry is located about halfway between New York City and Boston.

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Financial Summary (Actual - )

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