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280 Broad St
New London, CT 06320
Walgreens (Subleased to Family Dollar) · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease
  • Investment Grade Credit - S&P Rating: BBB
  • Corporate Guarantee from Walgreens Co. (NYSE: WBA)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
13,205 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.97 AC
Frontage
164’ on Broad St

AMENITIES

  • Pylon Sign
  • Drive Thru

ABOUT 280 BROAD ST , NEW LONDON, CT 06320

This Walgreens property, subleased to Family Dollar, is located in New London, Connecticut. New London is a seaport city and a port of entry on the northeast coast of the United States, located at the mouth of the Thames River in New London County, Connecticut. It was one of the world's three busiest whaling ports for several decades beginning in the early 19th century, along with Nantucket and New Bedford, Massachusetts. The subject property is well-positioned in an active retail corridor, benefiting from its proximity to major national and local retailers. Major national tenants in the surrounding area include: Burlington, AutoZone, Staples, Harbor Freight Tools, Texas Roadhouse, Denny’s, Mobil, Advance Auto Parts, McDonald’s, Taco Bell, Wendy’s, Dunkin' Donuts, Burger King, Popeyes, Dollar General, AT&T, O’Reilly Auto Parts, Bank of America, 7-Eleven, Sunoco, as well as many others. The corridor also has a strong automotive presence, benefiting from dealerships for the following automakers: Mercedes Benz, Audi, Chevrolet, Buick, Mitsubishi, Volvo, Mazda, Subaru, Ford, Lincoln, Toyota, Dodge, Jeep, and RAM. Additionally, the United States Coast Guard Academy is approximately one mile away. Connecticut College is also one mile away, and has more than 2,300 students and faculty. New London is bounded on the west and north by the town of Waterford, on the east by the Thames River and Groton, and on the south by Long Island Sound. New London is home to the United States Coast Guard Academy, Connecticut College, Mitchell College, and The Williams School. The Coast Guard Station New London and New London Harbor is home port to the Coast Guard Cutter Chinook and the Coast Guard's tall ship Eagle.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NLON-000040-000226-000004
Land Assessment
$1,026,718
Improvements Assessment
$1,212,655
Total Assessment
$2,239,373
  • Listing ID: 15805239

  • Date on Market: 2019-04-23

  • Last Updated:

  • Address: 280 Broad St, New London, CT 06320

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