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Off Market
1/4

441 Long Hill Rd
Groton, CT 06340


HIGHLIGHTS


OVERVIEW

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a 14,490-square foot fee-simple Walgreens located in the Groton, CT. Walgreens has over 11 years remaining on their initial 25-year lease that includes (10) 5-year options. The investment presents an ideal community for drug store patrons and offers a corporate guarantee from Walgreens, a leading pharmacy chain in the United States that has a Standard and Poor’s BBB Rating. The subject property is situated along Route 1 in Groton, Connecticut. The store is the only 24-Hour Walgreens operating in the market. The building features a double drive-thru and separate exit. The subject property was built in 2004 and has a dedicated traffic signal that facilitates access to the lot which boasts two ingress and egress passageways with 154 parking spaces. The site boasts prominent signage on Route 1 The surrounding area boasts a strong day time population base from the nearby Pfizer-Electric Boat campuses, the US Submarine Base at Groton, as well as the University of Connecticut, Avery Point. Other retailers in the Route 1 retail corridor include: Walmart, Stop & Shop, Kohl's, Big Y, Family Dollar, Pet Supplies Plus and TJ Maxx. Easy access to I-95 provides travel to both Hartford, Connecticut and Providence, Rhode Island within an hour’s drive. The subject property is located midway between Boston, Massachusetts and New York, New York. This is an excellent opportunity for an investor to acquire a developed Walgreens drug store on a long term lease. Groton is a town located on the Thames River in New London County, Connecticut. Groton is the home of the Electric Boat Corporation, which is the major contractor for submarine work for the United States Navy. The Naval Submarine Base New London is located in Groton, and the pharmaceutical company Pfizer is also a major employer. The Avery Point section of Groton is home to a regional campus of the University of Connecticut.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

14490

STORIES

1

YEAR BUILT

2004

SPRINKLERS

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PARKING SPACES

78

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

GROT M:168920900692 L:U2