Published on: Friday, August 23, 2024
Updated on: Friday, August 23, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
Provide Your Service
Financing  Business  Material
  Walgreens | Clinton CT.
218 E Main St Clinton Connecticut , 06413
218 E Main St Clinton Connecticut                                                                                         , 06413NNN Investment Group
Listing ID: CL-Connecticut-11532

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.5
Net Operating Income: $345,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-Connecticut-11532
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2004
Building Size: 13,650.00 SqFt
Lot Size: 93,230.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Walgreens with Absolute-NNN Lease in place, leaving zero landlord responsibilities. It is situated between two grocery anchored Stop & Shop and ShopRite centers.
Complete Details
Year Build: 2004
Building Size: 13,650 SqFt.
No of Stories: 1
Total Lot Area: 93230 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a Walgreens property located in Clinton, CT (the “Property”). Built in 2004, the Property consists of a 13,650-square-foot retail building with a drive-thru lane that sits on an approximately 2.14-acre parcel. The building is leased to Walgreens Co. on a corporate lease, providing the security of an investment grade credit rating of “BBB” from Standard of Poor’s. Parent company Walgreens Boots Alliance (NASDAQ: WBA), is publicly traded with an impressive $50B market CAP. WBA is also the largest retail pharmacy operator in the US and Europe, with over 13,000 stores in over 9 countries.
Additional Properties
Property Highlights
  • Walgreens Co. – Investment Grade Credit – Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities
  • 2 Miles from Clinton Commons Premium Outlets – 2.8 Million Visitors Per Year (Source: Placer.ai)
  • Shadow Anchored by Clinton Plaza (100,360 SF) – Grocery Anchored Shopping Center
  • Nearly 20 Year Successful Operating History at this Location
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$345,000
$0
0%
Cash Flow for Current Listings
Listing Location
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