330 MAIN ST Farmington CT 06032-2961 APN: 09003052-11600330

Property History

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Property Type

Retail

Property Subtype

Pharmacy/Drug

Asking Details

Asking Price

$7,453,333

Asking Cap Rate

6.75%

Asking NOI

$503,100

Price/Sq Ft

$577.78

Investment Highlights

INVESTMENT-GRADE CREDIT TENANT & LONG-TERM LEASE

Corporate Guarantee from CVS Health Corporation (NYSE: CVS | S&P: BBB | HQ: Woonsocket, RI)
~12 years of lease term remaining with (4) Five-Year Renewal Options allowing for predictable income
CVS ranked #6 on the 2025 Fortune 500 list with $402B in annual revenue (a 7.8% increase from 2024)

HIGH PERFORMING, RELOCATION STORE

302,000 Annual Visitors – ranking in the top 37% nationally
Limited direct drugstore competition in the immediate trade area
Built-to-suite construction for CVS in 2018 – handpicked location from CVS Corporate

AFFLUENT HARTFORD SUBMARKET

Located in affluent suburb approximately 10 miles from Downtown Hartford
2 Hours from NYC and Boston
Average Household Income of $106,000 within 1-mile radius
155,000+ Residents within a 5-mile radius

ATTRACTIVE REAL ESTATE FUNDAMENTALS

Located at the corner of Main St (Rte 10 – 13,300+ VPD) and Scott Swamp Rd (State Rd 552 – 7,300+ VPD)
Direct access to CT Route 6 (15,000+ VPD)
4 Miles from UConn Hospital Farmington and 5 Miles from Bristol Hospital

Property Type

Retail

Property Subtype

Convenience Store, Pharmacy/Drug

Marketing Description

EXP Realty Advisors is pleased to exclusively present for sale a newly (2013) constructed CVS in Farmington, CT on 2+/- acres of land. The building is 13,005 sf and includes a drive-thru and 72 parking spaces. CVS relocated to this location from an existing store down the street which was an inline location in a shopping center with very strong sales. This new site is at the signalized intersection of Scott Swamp Rd (State Rd 552) and Main St (Route 10). Main St has average daily traffic counts of 15,000+ vpd. Average household income is over $102,000 within a one mile radius with over 150,000 people within 5 miles. The buildings construction features upgraded material from a typical CVS, see photo on next page.

Farmington is a town located in Hartford County in the Farmington Valley area of central Connecticut. As an affluent suburb of Hartford, Farmington is home to a significant and growing number of corporations. Carvel, ConnectiCare, Farmington Bank, Farmington Displays and Horizon Technology Finance all maintain their corporate headquarters in Farmington. United Technologies has significant operations in town as its subsidiaries Carrier Corporation, Otis Elevator and UTC Fire & Security are headquartered in town. Other prominent employers include the American Red Cross, Bank of America, McKesson, Farmington Sports Arena, Stanley Black & Decker and TRUMPF Inc.

Investment Highlights

New 2013 construction – Relocation Store for high volume store down the street
Upgraded building construction
CVS Caremark Corp Guarantee | Investment Grade Tenant
10% Increase in first option
Approximately 10 miles from downtown Hartford
Average household income is over $102,000 within a one mile radius

Loan History

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Financial History

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Tax History

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Contact Information

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