10 Lathrop Rd | Plainfield, CT 06374
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- LoopNet Team
10 Lathrop Rd
Plainfield, CT 06374
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Credit Tenant: The lease is guaranteed by CVS Health Corporation, the top Fortune 500 pharmaceutical and health service company.
- Long-term Commitment: CVS has operated at this site since 2000 and recently restructured their lease to extend the term out by an additional 10 years.
- Pandemic Proof / Essential Retailer: CVS was an essential retailer that stayed open and operating during the COVID-19 pandemic.
- Absolute NNN Lease Structure: This property operates under an absolute NNN lease, providing extremely passive ownership to investors.
- Cheap Rent: CVS is paying a low rental rate at this location in comparison to other CVS locations nationwide.
- Strategic Location: The Property is situated on a highly visible corner parcel at the signalized intersection of Lathrop Road and Connecticut Turnpike
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,937 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.10
Lot Size
2.54 AC
Zoning
RA-6 - Commercial
Parking
75 Spaces (6.86 Spaces per 1,000 SF Leased)
Frontage
157’ on Lathrop Rd Ext
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | PLAI-000017-000011A-000004 | Improvements Assessment | $1,201,010 |
| Land Assessment | $773,120 | Total Assessment | $1,974,130 |
PROPERTY TAXES
Parcel Number
PLAI-000017-000011A-000004
Land Assessment
$773,120
Improvements Assessment
$1,201,010
Total Assessment
$1,974,130
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