Asking Price
Area Size
NOI Net Operating Income
NIY
Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross

Asset Description

Jones Lang LaSalle Americas, Inc.​ (“JLL”) is pleased to exclusively offer for sale the opportunity to acquire the condo interest in a Walgreens (the “Property”) in the rapidly expanding downtown Stamford, Connecticut.​ The site sits at the intersection of E.​ Main St and Glenbrook Road in a dense area that’s exposed to more than 50,000 VPD.​ It is in the heart of the Central Business District and is less than a mile from the Stamford Transportation Center, providing direct access to Manhattan.​ Walgreens is on the ground floor of the Glenview House, a luxury 146-unit Class A multifamily community.​ The lease is NNN with 12.2 years remaining and 10% escalations every 10 years.​

Investment Highlights

  • QUALITY DOWNTOWN REAL ESTATE The site is located in Stamford, the second largest city in Connecticut with a quickly growing population. It’s also home to a vast number of Fortune 500 Companies. The site is in the heart of the city where 35% of the population is millennials and the average household income is nearly $150,000 annually.
  • ​RARE DRIVE-UP PERSCRIPTION WINDOW The site has a drive-thru prescription window that can be accessed from the garage, which has benefitted the site significantly throughout the COVID-19 pandemic and will continue to bolster sales as contactless pharmacy demand rises. The site also has 42 designated parking spaces.
  • ​NET LEASE WITH NO LANDLORD REPSONSIBILITIES The Property has an $877,000 NOI with 10% rental increases every ten years. The lease is NNN and upon expiration on February 28th, 2034, includes seven 5-year options through 2069.


Last Updated Date: 08 Nov 2021

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 08 Nov 2021

¿Tiene alguna duda?  Visite nuestra página de Preguntas Frecuentes

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.