10 Lathrop Rd Plainfield, CT 06374-2030

This exceptional investment opportunity presents a fee-simple, 10,937 square-foot CVS Pharmacy in Plainfield, Connecticut. Located on a 2.54-acre lot at a signalized intersection with high visibility and traffic counts exceeding 30,000 vehicles daily, this property benefits from a strong location near healthcare facilities and major distribution centers. The property features an absolute NNN lease with a credit-rated, corporate-guaranteed tenant (CVS Health Corporation), providing passive ownership and minimizing investor responsibilities. The lease, extending to October 31, 2034, offers a substantial remaining term of 9.9 years. Built in 2000, this property boasts a current NOI of $182,000, translating to a 6.25% cap rate and a price per square foot of $266.25. The asking price is $2,912,000. This is a rare opportunity to acquire a well-performing, low-risk retail investment with a long-term, investment-grade tenant in a strategic location. The tenant's essential business model and consistent rent payments demonstrate resilience and stability, making this an attractive investment for discerning buyers. The property's location near healthcare facilities and major distribution centers further enhances its long-term value and potential for appreciation.