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Walgreens 1116 Boston Post Rd 14,259 SF Retail Building Guilford, CT 06437 $5,122,440 ($359.24/SF) 7.50% Cap Rate
Investment Highlights
- Absolute NNN Lease | There are absolutely zero landlord responsibilities on this lease, providing the landlord with an incredibly passive investment.
- Strong Retail Corridor | Other national tenants in the immediate area include McDonald's, Chase Bank, Bank of America, BigY, Planet Fitness, CVS
- Long Term Occupancy | Walgreens has been at this site for almost 20 years, showing a strong commitment to this location and consistent performance.
Executive Summary
Surmount is pleased to present the exclusive listing for a Walgreens located at 1116 Boston Post Rd, Guilford, CT 06437. The site consists of roughly 14,259 rentable square feet of building space on an estimated 1.54-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 6/1/2005. The current annual rent is $384,183 and is flat throughout the base term and options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,259 SF
Building Class
B
Year Built
2005
Price
$5,122,440
Price Per SF
$359.24
Cap Rate
7.50%
NOI
$384,183
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.54 AC
Zoning
C-2 - Outparcel commercial
Parking
37 Spaces (2.65 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | GUIL-000000-000000-046043 | Improvements Assessment | $3,115,000 |
| Land Assessment | $385,000 | Total Assessment | $3,500,000 |
Property Taxes
Parcel Number
GUIL-000000-000000-046043
Land Assessment
$385,000
Improvements Assessment
$3,115,000
Total Assessment
$3,500,000
Contacts
-
Josh Kanter -
Anthony D'Ambrosia -
Stewart Hickey -
Glen Kunofsky -
Christopher Marks -
Surmount
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Presented by
Walgreens | 1116 Boston Post Rd
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