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Montville, CT CVS

$6,329,915
2005 Norwich-New London Turnpike
Lease Type NN
Cap Rate 5.85%
Building Size 13,325 SF
NOI $370,300
Land Area 3.3 AC
Remaining Term 9 Years, 10 Months
Status Active
Property Highlights

2005 Norwich-New London Turnpike in Montville, CT, the 13,325 SF building has been leased to CVS since 2008. The 25-Year Lease with CVS was signed in 2008 and the rent commenced October 7, 2008. The lease includes six (6) five (5) year options. CVS is paying $370,300 with 5% increases at the start of every option period.

  • Twenty-Five Year Lease
  • Corporate Guaranty from Investment Grade Tenants
  • Excellent Exposure Along Main Thoroughfare
  • Proximity to Mohegan Sun
  • Long Operating History
  • Dominant Retail Corridor