2005 Norwich New London Tpke - Drug Store FOR SALE


Uncasville, CT 06382
$5,072,600 USD
508-272-0585
2005 Norwich New London Tpke, Uncasville, CT for Sale
$5,072,600 USD
Drug Store - FOR SALE
1/6
null | 7.3% Cap Rate

2005 Norwich New London Tpke
Uncasville, CT 06382


HIGHLIGHTS

  • TWENTY-FIVE YEAR LEASE
  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANTS
  • EXCELLENT EXPOSURE ALONG MAIN THOROUGHFAR
  • PROXIMITY TO MOHEGAN SUN CASINO
  • LONG OPERATING HISTORY
  • DOMINANT RETAIL CORRIDOR

OVERVIEW

Atlantic Capital Partners is pleased to exclusively offer for sale the CVS located at 2005 Norwich-New London Turnpike in Montville, CT. The 13,325 SF building has been leased to CVS since it was built in 2008. The 25-Year Lease with CVS expires January 31, 2034 and includes six (6) five (5) year options. CVS is paying $370,300 with 5% increases at the start of every option period. The CVS offering is located just minutes from the Mohegan Sun Casino, the 2nd largest casino in the United States. Mohegan Sun offers 364,000 SF of gaming space, multiple entertainment complexes, and draws over 7.6 million visitors annually.

FOR SALE DETAILS

PRICE

$5,072,600 USD

PRICE/SF

$381 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS - Montville, CT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

CROSS STREETS

Occum

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

C-1

APN/PARCEL ID

MONT-000099-000059

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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