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Drug Store

National Drugstore Portfolio | Walgreens | West Hartford, CT

940 Quaker Ln S, West Hartford, CT 06110

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
12,805
Lease Type
Absolute Net
Rent Per Square Feet
$33.58

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. West Hartford is located in Hartford County in the state of Connecticut, about 5 miles west of Hartford. According to the United States Census Bureau, the estimated population within 5 miles was 276,136 in 2021. Highway connectivity is provided by Interstate 84 and U.S. Route 44. West Hartford is an affluent residential suburb of the Hartford metropolitan area and home to several prominent institutions, including the American School for the Deaf, the University of Hartford, and St. Joseph’s College. Education is a vital component of the city’s economy, as the University of Hartford and St. Joseph’s College are among the city’s top ten employers. Manufacturing is also an important part of the city’s economy, as three manufacturing firms are also among the city’s top 10 employers. including Wiremold Products, UTC–Aerospace Systems/Goodrich Corp., and Colt Manufacturing. The city is also served by CTfastrak, Connecticut’s first Bus Rapid Transit system that provides direct service to multiple communities in the metropolitan area. The Elmwood Station is just a 10-minute walk from Walgreens.

Investment Highlights

  • 10-minute walk from Elmwood Station on CTfastrak Busway
  • Located near several major employers, including Wiremold Products, Inc., Colt Manufacturing, and American Medical Response
  • No other Walgreens in trade area

Exclusively Listed By

Drug Store

National Drugstore Portfolio | Walgreens | West Hartford, CT

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
12,805
Lease Type
Absolute Net
Rent Per Square Feet
$33.58

Investment Highlights

  • 10-minute walk from Elmwood Station on CTfastrak Busway
  • Located near several major employers, including Wiremold Products, Inc., Colt Manufacturing, and American Medical Response
  • No other Walgreens in trade area

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. West Hartford is located in Hartford County in the state of Connecticut, about 5 miles west of Hartford. According to the United States Census Bureau, the estimated population within 5 miles was 276,136 in 2021. Highway connectivity is provided by Interstate 84 and U.S. Route 44. West Hartford is an affluent residential suburb of the Hartford metropolitan area and home to several prominent institutions, including the American School for the Deaf, the University of Hartford, and St. Joseph’s College. Education is a vital component of the city’s economy, as the University of Hartford and St. Joseph’s College are among the city’s top ten employers. Manufacturing is also an important part of the city’s economy, as three manufacturing firms are also among the city’s top 10 employers. including Wiremold Products, UTC–Aerospace Systems/Goodrich Corp., and Colt Manufacturing. The city is also served by CTfastrak, Connecticut’s first Bus Rapid Transit system that provides direct service to multiple communities in the metropolitan area. The Elmwood Station is just a 10-minute walk from Walgreens.

Exclusively Listed By

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