CVS

326 Main St, Southington, CT
Deal Type:
Net Lease
Price:
$2,547,826
Cap Rate:
5.75%
Current Rent:
$146,500
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
6, Five-year
Building Sq. Ft.:
10,125 SF
Rent Increases:
Flat
Site Size:
2.26 Acres

Investment Highlights

  • 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

Listing Agents

Patrick Tupa

Associate
847 345 6681
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #REB.0791255

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