Rite Aid

500 Queen St, Southington, CT
$5,749,468 · 7.50% CAP · 12 Yr. Lease · Single Tenant Net Lease


500 Queen St, Southington, CT

Price: $5,749,468
CAP: 7.50%
NOI: $431,210
Year Built: 2009
Building Size: 14,673 SF
Lot Size: 2.36 AC

This is a long term NNN leasehold Rite Aid opportunity. The property is subject to a long term lease which began in 2009 and runs through 2029. Rent increases 10% in year 11 of the initial term. There are ten 5-year renewal options beyond the initial term. The Rite Aid has a double drive-thru Pharmacy window. This asset is located at a signalized intersection of Highway 84 on/off ramp with excellent visibility from Highway 84 and Queen St. The area also has high income demographics.

Southington is a town in Hartford County, Connecticut. As of the 2010 United States Census, it had a population of 43,069. Southington contains the villages of Marion Milldale, and Plantsville. Southington is a growing community, once described as “A Microcosm of America.” The town is located in Hartford County, within 20 miles of Hartford and 9 miles of Waterbury, and includes the sections of Plantsville, Milldale, and Marion. The geographic area of the town is 36.8 square miles, ranking it 40th out of 169 Connecticut towns. It is a modern residential, commercial, and industrial community.

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Presented By

Jacob Abusharkh

Managing Principal

BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..

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