1116 Boston Post Rd - Drug Store FOR SALE
Guilford, CT 06437 |
$5,250,000 USD
617-865-1145
1116 Boston Post Rd
Guilford, CT 06437
HIGHLIGHTS
- Absolute NNN Lease | There are absolutely zero landlord responsibilities on this lease, providing the landlord with an incredibly passive investment.
- Long Term Occupancy | Walgreens has been at this site for almost 20 years, showing a strong commitment to this location and consistent performance.
- Strong Retail Corridor | Other national tenants in the immediate area include McDonald's, Chase Bank, Bank of America, BigY, Planet Fitness, CVS
OVERVIEW
Surmount is pleased to present the exclusive listing for a Walgreens located at 1116 Boston Post Rd, Guilford, CT 06437. The site consists of roughly 14,259 rentable square feet of building space on an estimated 1.54-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 6/1/2005. The current annual rent is $384,183 and is flat throughout the base term and options.
FOR SALE DETAILS
PRICE
$5,250,000 USD
PRICE/SF
$368 USD /SF
CAP RATE
7.32%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
1.54 AC
LAND SF
67,082 SF
ZONING
C-2
APN/PARCEL ID
GUIL-000000-000000-046043
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617-865-1145
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617-865-1145
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