This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

953 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Walgreens 218 E Main St

13,650 SF Retail Building Clinton, CT 06413 $4,600,000 ($337/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
$4,600,000
Price Per SF
$337
Cap Rate
7.50%
NOI
$345,000
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
  • -
  • $25.27
  • Triple Net
  • Jul 2029

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - $25.27 Triple Net Jul 2029
1 of 1

PROPERTY TAXES

Parcel Number CLIN-000078-000070-000159 Improvements Assessment $2,770,300
Land Assessment $589,700 Total Assessment $3,360,000

PROPERTY TAXES

Parcel Number
CLIN-000078-000070-000159
Land Assessment
$589,700
Improvements Assessment
$2,770,300
Total Assessment
$3,360,000
(760) 448-2449

  • Listing ID: 29490365

  • Date on Market: 9/11/2023

  • Last Updated:

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

More public record information on 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.

Nearby Listings

1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/6
218 E Main St, Clinton, CT for sale Building Photo- Image 1 of 6
webimages
218 E Main St, Clinton, CT for sale Building Photo- Image 2 of 6
webimages5
218 E Main St, Clinton, CT for sale Building Photo- Image 3 of 6
webimages4
218 E Main St, Clinton, CT for sale Building Photo- Image 4 of 6
webimages3
218 E Main St, Clinton, CT for sale Building Photo- Image 5 of 6
webimages2

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link