10 Lathrop RdPlainfield, CT 06374
High-Yield CT Retail Property, 9.9 Years Remaining
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Investment-grade credit tenant: CVS Health Corporation, a Fortune 500 company with an S&P rating of BBB and a ~$75 billion market cap, guarantees the lease.
- Absolute NNN lease: This passive investment requires no landlord responsibilities; tenant covers all expenses including taxes, insurance, and maintenance.
- Long-term lease: The lease extends to 10/31/2034, providing a remaining term of nearly 10 years.
- Attractive cap rate and price per square foot: The property offers a 6.25% cap rate and a price per square foot of $266.25.
- Essential retail tenant: CVS remained operational throughout the COVID-19 pandemic, ensuring consistent rent payments.
- High-traffic location: The property sits on a highly visible corner lot with over 30,000 vehicles passing daily, near healthcare facilities and major distribution centers.
Property Details for 10 Lathrop Rd
- Property type
- Retail properties, Drug stores
- Square Feet
- 10,937 SF
- Year Built
- 2000
- Lot Size (sq. ft)
- 110,642 SF
Location Insight
- City
- Plainfield
- County
- Windham
- State
- Connecticut
- Latitude
- 41.6672062
- Longitude
- -71.9143376
Nearby Similar for Sale
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