Westbrook, CT Retail For Sale
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1211 Boston Post Road
1211 Boston Post Rd
Westbrook, CT
Lot Size:1.57Acres
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.
$9,129,120
Commercial Building for Sale on Route 1
756 Boston Post Rd
Westbrook, CT
Lot Size:1.03Acres
Commercial building on Route 1. 3,344 SF on 1.03 acres. There is an enclosed and open porch. There is also a basement. Potential uses include: Retail Store, Mixed Use, Sit-down Restaurant, Business/Professional Office, Boarding/Lodging/Rooming, Vehicle Renting/Leasing or a Three-family Dwelling.
$659,000
1223 Boston Post Road
Westbrook, CT
Lot Size:1.57Acres
$7,100,000
359 Boston Post Road
359 Boston Post Rd
Westbrook, CT
Lot Size:4.27Acres
$1,400,000
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Market Stats
Westbrook has 7 commercial real estate spaces for lease, representing 28,819 sqft space. 8 buildings are available for sale.
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