NNN Drugstore Ground
1350 Stanley St New Britain, CT 06053
For Sale
Contact for pricing
Pending
Walgreens has a 10-year absolute net lease with an additional 17% rent bump at the next option.
Days on Market104
Property Features for 1350 Stanley St
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
First Street Brokerage
Listed By:
Bob Stolkin · License #CA 01010694
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Street Brokerage
Investment Insights
Based on property information with market context.
This Walgreens property is an absolute net lease investment. The tenant recently exercised an early five-year option, extending the firm term to a total of 10 years, with a 17% rent bump scheduled at the next option. The lease is described as NNN, and the transaction is listed as assumable with a stated 3.2% loan.
The asset is being offered for sale and is identified at 1350 Stanley St, New Britain, CT 06053.
The information provided centers on the lease term extension and rent bump at the next option, with the property positioned as a long-term NNN Walgreens ground-lease opportunity.
The asset is being offered for sale and is identified at 1350 Stanley St, New Britain, CT 06053.
The information provided centers on the lease term extension and rent bump at the next option, with the property positioned as a long-term NNN Walgreens ground-lease opportunity.
Key Highlights
- Walgreens absolute net lease with a firm term of 10 years
- Early option exercised to extend the firm term to 10 years
- 17% rent bump at the next option
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
LibertyX Bitcoin ATM
Atm
Walgreens
Pharmacy
Analix Colon
Pharmacy
Similar Off Market Nearby
- Analix Colon — 1350 Stanley St, New Britain, CT 060533224
- Walgreens Pharmacy — 1350 Stanley St, New Britain, CT 06053
- COVID-19 Drive-Thru Testing at Walgreens — 1350 Stanley St, New Britain, CT 06053
FAQs
What type of property is this?
Drug store - Walgreens has a 10-year absolute net lease with an additional 17% rent bump at the next option.
Where is this drug store located?
The property is located at 1350 Stanley St New Britain, CT.
What are key features of this property?
This property features: Walgreens absolute net lease with a firm term of 10 years; Early option exercised to extend the firm term to 10 years; 17% rent bump at the next option
