Walgreens NNN Property For
For Sale
Contact for pricing
980 Farmington Ave, Berlin, CT 06037
Absolute NNN lease with no landlord responsibilities through August 2032.
Property Size14,725 SF
Price / SF$339.56
Days on Market199
Property Features for 980 Farmington Ave
General Information
Standard status
Active
Size
14,725 SF
Property subtype
Retail
Zoning
CCD-2
Building Details
Year Built
2007
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 2:53PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
The Walgreens property, situated at 980 Farmington Avenue, Berlin, CT 06037, is available for sale. The lease is structured as an absolute triple-net (NNN) with no landlord responsibilities. Walgreens occupies the site through August 31, 2032, and the lease includes ten five-year renewal options. The property is located along Farmington Avenue (Route 372), a key east-west corridor that runs through the town of Berlin and connects to major regional transportation routes, including Interstate 91 and Interstate 84. Berlin is an affluent suburb part of the Hartford-West Hartford-East Hartford Metropolitan Statistical Area (MSA). Hartford is home to multiple Fortune 500 companies such as Travelers, Aetna, and The Hartford. Major institutional employers include Hartford Healthcare and Connecticut state government offices. The area also includes higher education campuses such as the University of Hartford, Trinity College, and the University of Connecticut’s Hartford campus, contributing to a stable employment and population base. The property size is 14725 square feet.
Key Highlights
- Absolute NNN lease provides a truly hands‑off investment.
- Walgreens lease extends through August 2032, with options for renewal.
- Situated on Farmington Avenue (Route 372), a key corridor with easy highway access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06037, CT
18,855
Population
7,894
Households
2.4
Avg Household Size
48
Median Age
44%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
739
Density / Sq Mi
$110,443
Median Household Income
$60,018
Median Earnings
$1,429
Median Rent
$345,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with no landlord responsibilities through August 2032.
Where is this drug store located?
The property is located at 980 Farmington Ave Berlin, CT.
What is the asking price?
The asking price for this property is $5,000,001.
What are key features of this property?
This property features: Absolute NNN lease provides a truly hands‑off investment.; Walgreens lease extends through August 2032, with options for renewal.; Situated on Farmington Avenue (Route 372), a key corridor with easy highway access.
