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Walgreens 218 E Main St

13,650 SF Retail Building Clinton, CT 06413 $6,461,528 CAD ($473 CAD/SF) 7.50% Cap Rate

Drug Stores Connecticut Clinton 218 E Main St, Clinton, CT 06413

Investment Highlights

  • Walgreens Co. – S&P: BBB Investment Grade Credit – Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities
  • 2 Miles from Clinton Commons Premium Outlets – 2.8 Million Visitors Per Year (Source: Placer.ai)
  • Nearly 20 Year Successful Operating History at this Location
  • Rent Increases in the Option Periods
  • Shadow Anchored by Clinton Plaza (100,360 SF) – Grocery Anchored Shopping Center

Executive Summary

Built in 2004, the Property consists of a 13,650-square-foot retail building with a drive-thru lane that sits on an approximately 2.14-acre parcel. This Walgreens has an Absolute-NNN Lease in place, leaving zero landlord responsibilities. It is situated between two grocery anchored Stop & Shop and ShopRite centers. The building is leased to Walgreens Co. on a corporate lease, providing the security of an investment grade credit rating of “BBB” from Standard of Poor’s. Parent company Walgreens Boots Alliance (NASDAQ: WBA), is publicly traded with an impressive $50B market CAP. WBA is also the largest retail pharmacy operator in the US and Europe, with over 13,000 stores in over 9 countries.

Attachments

OM_Walgreens-ClintonCT.pdf

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2004
Price
$6,461,528 CAD
Price Per SF
$473 CAD
Cap Rate
7.50%
NOI
$484,615 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
2.14 AC
Zoning
B-4

Amenities

  • Monument Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $35.50 CAD
  • Net
  • Jul 2029

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - $35.50 CAD Net Jul 2029
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PROPERTY TAXES

Parcel Number CLIN-000078-000070-000159 Improvements Assessment $3,896,150 CAD
Land Assessment $829,354 CAD Total Assessment $4,725,504 CAD

PROPERTY TAXES

Parcel Number
CLIN-000078-000070-000159
Land Assessment
$829,354 CAD
Improvements Assessment
$3,896,150 CAD
Total Assessment
$4,725,504 CAD
(760) 448-2449

  • Listing ID: 29490365

  • Date on Market: 2023-09-11

  • Last Updated:

  • Address: 218 E Main St, Clinton, CT 06413

The Retail Property at 218 E Main St, Clinton, CT 06413 is currently available For Sale. Contact Lee & Associates for more information.

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Walgreens | 218 E Main St
(760) 448-2449 x

Walgreens | 218 E Main St

1/2

Ryan Bennett

(760) 448-2449

(760) 448-2449

Drew Olson

(760) 448-1372

(760) 448-1372

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