1211 Boston Post Rd, Westbrook, CT, 06498

HIGHLIGHTS
- Tenant: Walgreens Boots Alliance (NASDAQ: WBA)
- Lease Type: Absolute NNN
- Cap Rate: 5.0%
- Annual Rent: $456,456
- Lot Size: 1.57 Acres
- Increases: 5% Every 5 Years
- Parking Spaces: 80

We’re proud to offer this rare opportunity to purchase an investment grade asset in a market with a high barrier of entry and limited inventory given the proximity to Westbrook Harbor. The corporate guarantor, Walgreens Boots Alliance, is a publicly traded company and offers the security of an investment grade tenant. The lease is an absolute NNN meaning there are NO LANDLORD RESPONSIBILITIES. With 13+ years left on the lease and a rare hedge against inflation with 5% increases every 5 years, an investor or institution can invest with confidence in the long term value and cash flow provided with this purchase.

Located in a high barrier to entry coastal market, this freestanding location on 1.57 acres is situated in the charming New England beachfront town of Westbrook. The asset itself is on the major regional thoroughfare, Boston Post Road/U.S Highway 1, and sees 12,000 vehicles per day.

The property is located down the street from the Shore Line East Commuter Rail Station which saw over 2,100 passengers daily in 2018 and connects to NYC’s Grand Central Station. These passengers and the local population within a ~5 mile radius represents an affluent population with an average household income of over $113,000 annually. This asset is well positioned for long term appreciation.

Opportunities of this caliber are rare, particularly in this market. Act quickly as we don’t anticipate this deal lasting long.