Walgreens for Sale in Southington, CT
Southington, CT
Key Investment Metrics
Price
$4,594,445
Cap Rate
9.0%
Net Operating Income
$413,500
Building Size
14581 SF
Land Area
1.94 Acres
Remaining Term
3.7 years
Lease Expiration
03/30/2030
Lease Term
25 years
Lease Commencement
03/24/2005
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
N/A
Occupancy
100%
Tenancy
Single
Property overview
Walgreens in Southington
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,581 SF
- Land area
- 1.94 acres
- Lease type
- Absolute NNN
- Lease expiration
- 03/30/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.