Walgreens | Westbrook, CT

 

1211 Boston Post Rd, Westbrook, CT

$9,786,934

  • Corporate Backed Long Term Lease – Walgreens signed a 25-year lease in 2007 leaving approximately 11 years remaining on their initial lease term

  • Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses

  • Close Proximity to Middlesex Health Shoreline Medical Center – Newly expanded facility offering a myriad of health services

  • Extremely Rare Rent Increases – The lease provides for 5% rent increases every 5 years during both the initial term and ten 5-year renewal options

  • BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on NASDAQ and reported annual revenues in excess of $132 billion in 2021

  • Affluent Community – Average household income within a five-mile radius exceed $127,000

 
 
Jonathan Krikorian, Clark Everitt, William Everitt, NNNJonathan Krikorian