326- Main St
Southington, CT 06489
CVS · Retail Property For Sale
EXECUTIVE SUMMARY
Investment Grade Tenant: The lease is guaranteed by a credit worthy tenant in CVS (S&P:BBB).
Commitment: Tenant exercised 15-year renewal option, showing a commitment to this strong 24-hour store, which is a top performer for CVS
Strong Local Demographics: Affluent submarket with average household incomes of $139,500 within a three mile radius of the store.
Future development: CVS sits on a larger parcel, allowing for potential parcelization of the land.
Well Positioned: Located at the intersection of Main St. and Old Turnpike Rd, seeing over 14,500 VPD
Commitment: Tenant exercised 15-year renewal option, showing a commitment to this strong 24-hour store, which is a top performer for CVS
Strong Local Demographics: Affluent submarket with average household incomes of $139,500 within a three mile radius of the store.
Future development: CVS sits on a larger parcel, allowing for potential parcelization of the land.
Well Positioned: Located at the intersection of Main St. and Old Turnpike Rd, seeing over 14,500 VPD
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,125 SF
Building Class
B
Year Built
1979
Price
$2,547,826
Price Per SF
$251.64
Cap Rate
5.75%
NOI
$146,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.26 AC
Zoning
6
Parking
50 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
123’ on Main St
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | SOUT-000088-000000-000013 | Improvements Assessment | $1,646,890 |
| Land Assessment | $161,040 | Total Assessment | $1,807,930 |
