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New Haven-Milford MSA Walgreens 1036 W Main St 10,581 SF Retail Building Branford, CT 06405 $5,447,368 ($514.83/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Walgreens lease runs through October 31, 2032, with no landlord responsibilities.
- Located near I-95 Exit 53 and Shore Line East commuter rail station.
- West Main Street maintains historically low vacancy and strong tenant retention.
- In a 1 and 3-mile radius average household incomes are approximately $100,000 per household.
- Coastal zoning and built-out conditions restrict new commercial development.
- Close to major employment centers including Yale University and Yale-New Haven Hospital.
EXECUTIVE SUMMARY
We are offering for sale the Walgreens property located at 1036 W Main Street, Branford, CT 06405 (the “Property”). The lease is structured as an absolute triple-net (NNN) with no landlord responsibilities, and Walgreens occupies the site through October 31, 2032.
The Property is located along U.S. Route 1 (West Main Street), a key commercial corridor with traffic counts exceeding 22,000 vehicles per day. It has direct access to Interstate 95 and sits approximately eight miles from Downtown New Haven. Branford is part of the Greater New Haven region, with established residential areas, commercial corridors, and shoreline zones. Residents commute via I-95 and the Shore Line East rail line to employment centers across the Connecticut coast.
The market benefits from proximity to Yale University (13,500 students, 4,800 faculty, and 10,000 staff) and Yale-New Haven Hospital, one of the state’s largest healthcare systems.
Listed in conjunction with Brian Brockman, Bang Realty - New England Inc|, 513-898-1551, wg@bangrealty.com, CT DRE Lic. REB.0792373.
The Property is located along U.S. Route 1 (West Main Street), a key commercial corridor with traffic counts exceeding 22,000 vehicles per day. It has direct access to Interstate 95 and sits approximately eight miles from Downtown New Haven. Branford is part of the Greater New Haven region, with established residential areas, commercial corridors, and shoreline zones. Residents commute via I-95 and the Shore Line East rail line to employment centers across the Connecticut coast.
The market benefits from proximity to Yale University (13,500 students, 4,800 faculty, and 10,000 staff) and Yale-New Haven Hospital, one of the state’s largest healthcare systems.
Listed in conjunction with Brian Brockman, Bang Realty - New England Inc|, 513-898-1551, wg@bangrealty.com, CT DRE Lic. REB.0792373.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,581 SF
Building Class
C
Year Built
2007
Price
$5,447,368
Price Per SF
$514.83
Cap Rate
9.50%
NOI
$517,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.67 AC
Parking
60 Spaces (5.67 Spaces per 1,000 SF Leased)
Frontage
126’ on Main St
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
(619) 297-0055
x302
CONTACTS
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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New Haven-Milford MSA Walgreens | 1036 W Main St
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