20 Connecticut Blvd, East Hartford, CT 06108
12,000 SF | Retail Building | East Hartford, CT 06108 | $4,995,000 ($416/SF) | 7.31% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 13 days
Asking Price $4,995,000
- Property Type
-
Retail
- Square Feet
- 12,000 SF
- Price / Square Foot
- $416
Listing Contacts
Thomas York
Verified Profile
- Property Info
Property Overview
Goman+York Property Advisors, LLC, has been retained by Merchant East Hartford I,LLC, to offer qualified investors the opportunity to purchase 20 Connecticut Boulevard, East Hartford, CT, together with a single tenant absolute net lease with Walgreen's Eastern Company, Inc. The tenant's credit is enhanced and supported by a corporate guarantee from Walgreens Boots Alliance, Inc. The property is well positioned in Gateway Square on the East Hartford, Main Street Corridor with strong barriers to entry and densely populated residential areas. Immediate neighbors include the Gateway Square medical office building housing Trinity Health, the 2nd largest hospital in the greater Hartford MSA and an M&T Bank branch. The initial 75-year Walgreen's lease was signed in 2006 and has a termination option in 2031 (8 years remaining) and every 5 years thereafter.
Property Details
- Class
- B
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 76,230 SF
Highlights
- Strong barriers to entry in the East Hartford - Main Street Corridor
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