1083 Boston Post Rd - Drug Store FOR SALE


Milford, CT 06460- Downtown Milford
$5,250,000 USD
203-522-2635
1083 Boston Post Rd, Milford, CT for Sale
$5,250,000 USD
Drug Store - FOR SALE
1/27
null | 7.14% Cap Rate

NEW


1083 Boston Post Rd
Milford, CT 06460
Downtown Milford


HIGHLIGHTS

  • Absolute Net Lease through May 31, 2030
  • Signalized intersection
  • Immediate access to I-95 and the Merritt Parkway
  • Corner lot with high visibility
  • 300+ apartments approved or under construction coming to Milford with 750 being approved at the mall 1/2 mile away
  • No landlord responsibilities

OVERVIEW

Located in the bustling retail corridor Route 1, this freestanding retail building leased by Walgreens offers investors a rare opportunity to acquire a high-visibility, income-producing asset along one of Connecticut’s most trafficked commercial thoroughfares. With almost five years remaining on the current lease, the property generates stable cash flow while providing flexibility for future repositioning or redevelopment. The building sits on a highly accessible signalized corner with ample parking and strong visibility, making it an attractive location for a wide range of potential tenants in the long term. Surrounded by a strong mix of national retailers, grocery anchors, and service businesses, the property benefits from excellent demographics and steady consumer traffic. Milford’s strategic location between New Haven and Fairfield County, along the I-95 corridor, makes it a prime destination for both regional and local commerce. This offering gives investors the ability to collect rent now while evaluating future upside—whether through re-leasing to another national brand, converting to multi-tenant retail, or exploring alternate commercial uses.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

ICD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Christopher LaraBerkshire Hathaway HomeServicesMore Info
203-522-2635

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Christopher LaraBerkshire Hathaway HomeServicesMore Info
203-522-2635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.