OFFERING SUMMARY
SAB Capital is pleased to present CVS Pharmacy in Willimantic, CT, located about 23 miles east of Hartford. CVS committed to a new 20-year lease in 2019, and currently has over 17 years remaining. This is an absolute triple net (NNN) lease with zero landlord responsibilities. The site sits at a hard corner intersection seeing over 16,000 vehicles per day.
- CVS in Willimantic, CT | 22 Miles East of Hartford
- Tenant Signed a New, 20-Year Lease in 2019 | Strong Commitment to Site
- Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
- Strong Corporate Guaranty From CVS Health Corp. | Rated “BBB” by Standard & Poors
- Strong Store Performance | Ranks in the 87th Percentile Amongst All US CVS Sites in Terms of Customer Traffic
- Hard Corner Location | Main Street Sees 16,000+ Vehicles Per Day (VPD) and Serves as the Town’s Main Retail Corridor
- Less Than 1/3 Mile From Eastern Connecticut State University | 5,000+ Students Enrolled
- National Retailers Located Nearby | Taco Bell, Planet Fitness, Stop & Shop, O’Reilly Auto Parts, Dunkin’, Sherwin-Williams, AutoZone, Moe’s and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
CVS | $3,240,000 | % | Closed |