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85 Bridge Rd, Haddam, CT, 06438

Dollar General
$1,770,500

Key Information

Cap Rate
7.15%
$ per SF
$194
Tot. SF
7,490
Year Built
2019
Term Remaining
±7.72 YRS
Type
Retail
NOI
$127,012

Highlights

  • Absolute NNN Lease: There are zero landlord responsibilities. Tenant maintains and pays for all CAM, taxes, insurance, including roof, structure, and parking lot, making this a completely passive investment opportunity.
  • Corporate Tenant: The lease is guaranteed by Dollar General Corporation (NYSE: DG | S&P: BBB | Moody’s: Baa3), an investment grade credit tenant and the largest operator of Dollar Stores in the world with over 21,000 units and counting.
  • High Income Demographics: The property is located in a region with an average household income exceeding $121,000 within a 5-mile radius, indicating a financially robust consumer base that supports retail spending.
  • Bridge Road Frontage: The site benefits from its prominent location along Bridge Road, a major thoroughfare that links east and west Haddam. This route experiences traffic of over 11,200 vehicles per day, ensuring high visibility and accessibility.
  • Essential, Recession-Resilient Retailer: As an essential retailer, Dollar General proved to be one of the most profitable companies throughout the COVID-19 pandemic, demonstrating durable performance across economic cycles.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # REB.0790986 (CT)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203