1036 W Main St - Drug Store FOR SALE


Branford, CT 06405
$5,750,000 USD
619-297-0055
1036 W Main St, Branford, CT for Sale
$5,750,000 USD
Drug Store - FOR SALE
1/2
null | 9% Cap Rate

1036 W Main St
Branford, CT 06405


HIGHLIGHTS

  • Walgreens lease runs through October 31, 2032, with no landlord responsibilities.
  • In a 1 and 3-mile radius average household incomes are approximately $100,000 per household.
  • Located near I-95 Exit 53 and Shore Line East commuter rail station.
  • Coastal zoning and built-out conditions restrict new commercial development.
  • West Main Street maintains historically low vacancy and strong tenant retention.
  • Close to major employment centers including Yale University and Yale-New Haven Hospital.

OVERVIEW

We are offering for sale the Walgreens property located at 1036 W Main Street, Branford, CT 06405 (the “Property”). The lease is structured as an absolute triple-net (NNN) with no landlord responsibilities, and Walgreens occupies the site through October 31, 2032. The Property is located along U.S. Route 1 (West Main Street), a key commercial corridor with traffic counts exceeding 22,000 vehicles per day. It has direct access to Interstate 95 and sits approximately eight miles from Downtown New Haven. Branford is part of the Greater New Haven region, with established residential areas, commercial corridors, and shoreline zones. Residents commute via I-95 and the Shore Line East rail line to employment centers across the Connecticut coast. The market benefits from proximity to Yale University (13,500 students, 4,800 faculty, and 10,000 staff) and Yale-New Haven Hospital, one of the state’s largest healthcare systems. Listed in conjunction with Brian Brockman, Bang Realty - New England Inc|, 513-898-1551, wg@bangrealty.com, CT DRE Lic. REB.0792373.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Haven-Milford MSA Walgreens | 9 CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

BRAN-000008C-000001-000018

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.