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188 Union St
Vernon Rockville, CT 06066

Walgreens | 13 Yr Corp Abs NNN Lease · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
13,669 SF
Building Class
B
Year Built
2005
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
1.49 AC
Zoning
COMMER
Parking
50 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
157 ft on Union St

Amenities

  • Pylon Sign
  • Drive Thru

About 188 Union St , Vernon Rockville, CT 06066

SRS National Net Lease Group is pleased to present the rare opportunity to acquire Walgreens, an absolute NNN leased, single tenant investment property located in Vernon, CT. The tenant, Walgreens Eastern Co., Inc., has over 13 years remaining on their initial term with 10 (5-year) options to extend. The lease is corporately guaranteed by Walgreens Boots Alliance, Inc. (S&P: BBB) and is absolute NNN with no landlord responsibilities. The subject site is ideally located on the signalized, hard corner intersection of Union Street/U.S. Hwy 74&83 and West Road/U.S. Hwy 527&83 (28,800 combined VPD). The asset has excellent visibility & access on this corner site with points of entry on both adjacent streets. Union Street/U.S. Hwy 83&74 (15,800 VPD) is a prominent, east/west retail corridor traveling through the nearby town of Rockville and down through the city of Manchester. Walgreens is surrounded by other national/credit tenants including Family Dollar, NAPA Auto Parts, Stop & Shop, CVS, Dunkin' Donuts, Subway and more. The site provides ease and convenience for customer through a pharmacy drive-thru window and is poised to benefit from the strong nearby residential presence. The 5-mile trade area is supported by a population of nearly 69,000 with an affluent average household income of $99,000.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
VERN-000022-000039-000017
Land Assessment
£225,710
Improvements Assessment
£1,747,591
Total Assessment
£1,973,301
  • Listing ID: 6336856

  • Date on Market: 17/03/2017

  • Last Updated:

  • Address: 188 Union St, Vernon Rockville, CT 06066

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