895 Washington St Middletown, CT 06457
High-Yield Pharmacy/Cannabis Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- New 10-year lease with Venu Flower Collective, expiring March 2033, plus a 5-year option.
- Lease features attractive 3% annual rent increases.
- Experienced operator: Bluepoint Wellness, a long-standing Connecticut cannabis dispensary, owns and operates Venu Flower Collective.
- Excellent retail location on Washington Street, an outparcel to a Home Depot-anchored shopping center, with high visibility and proximity to numerous national retailers and Wesleyan University.
- Strong student population: Wesleyan University's 3,000+ students and 400+ staff create significant demand.
- Dense retail trade area with numerous national retailers including Home Depot, Market 32, and many others.
Property Details for 895 Washington St
- Property type
- Retail properties, Drug stores
- Square Feet
- 1,840 SF
- Year Built/Renovated
- 1968/2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 25,265 SF
- Units
- 1
Location Insight
- City
- Middletown
- County
- Middlesex
- State
- Connecticut
- Latitude
- 41.5538832
- Longitude
- -72.6823689
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Pharmacy/Cannabis Investment
- Where is the retail property located?
- The property is located at 895 Washington St Middletown, CT.
- What is the asking price?
- The asking price for this property is $2,207,143.
- What are key features of this property?
- This property features: New 10-year lease with Venu Flower Collective, expiring March 2033, plus a 5-year option.; Lease features attractive 3% annual rent increases.; Experienced operator: Bluepoint Wellness, a long-standing Connecticut cannabis dispensary, owns and operates Venu Flower Collective.
- How can I contact the broker?
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