Walgreens | Absolute NNN Lease
218 E Main St, Clinton, CT 06413
Price: $4,600,000
Status: Available
Cap Rate: 7.50%
Year Built: 2004
NOI: $345,000
Lot Size: 2.14 acres
Price Per Foot: $337
Lease Type: Triple-Net (NNN)
Remaining Term: 6 Years
GLA: 13,650 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a Walgreens property located in Clinton, CT (the “Property”). 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.
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.