1211 Boston Post Rd | Westbrook, CT 06498
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1211 Boston Post Rd
Westbrook, CT 06498
Walgreens with Rare Rent Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Long Term Lease – Walgreens signed a 25-year lease in 2007 leaving approximately 11 years remaining on their initial lease term
- Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
- Close Proximity to Middlesex Health Shoreline Medical Center – Newly expanded facility offering a myriad of health services
- Extremely Rare Rent Increases – The lease provides for 5% rent increases every 5 years during both the initial term and ten 5-year renewal options
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on NASDAQ and reported annual revenues in excess of $132 billion in 2021
- Affluent Community – Average household income within a five-mile radius exceed $127,000
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.51 AC
Zoning
CTC
Parking
80 Spaces (5.4 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | WBRO-000177-000000-000161 | Improvements Assessment | $2,404,430 |
| Land Assessment | $539,290 | Total Assessment | $2,943,720 |
PROPERTY TAXES
Parcel Number
WBRO-000177-000000-000161
Land Assessment
$539,290
Improvements Assessment
$2,404,430
Total Assessment
$2,943,720
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