| Purchase Price | $4,190,000 |
|---|---|
| Annual Rental Income | $335,010 |
| Cap Rate | 8.00% |
| Lease Term | 9 Years |
| City | Bristol |
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Walgreens – Bristol, Connecticut (Hartford MSA)
This Walgreens Pharmacy located in Bristol, Connecticut, offers investors a rare opportunity to acquire a long-term, passive, single-tenant net lease investment backed by Walgreens Boots Alliance—one of the most established and creditworthy tenants in the United States. The property is secured by an absolute triple-net (NNN) lease structure that requires no landlord responsibilities and provides stable, contractually obligated cash flow. Situated in the Hartford MSA, the Walgreens benefits from strong surrounding demographics, consistent retail demand, and a long-standing operational history in the community.
As one of the dominant essential service providers in the retail pharmacy sector, Walgreens maintains a resilient business model anchored in prescription services, over-the-counter medications, vaccinations, wellness products, and retail convenience. This store serves as a neighborhood healthcare hub for residents of Bristol and the surrounding region. Its strategic positioning, visibility, and tenant strength make it a compelling asset for both private capital and institutional investors seeking income reliability and long-term value.
Whether you are focused on 1031 exchange placement, portfolio stabilization, or generational wealth planning, this Walgreens meets all the core criteria of a durable, credit-anchored net lease investment.
Tenant Overview – Walgreens Boots Alliance
Walgreens Boots Alliance (NASDAQ: WBA) is one of the largest pharmacy chains in the United States, operating over 8,000 retail locations and employing more than 225,000 people nationwide. The company is widely recognized as an essential retail provider, offering a broad mix of services including prescription drug fulfillment, clinical services, immunizations, retail convenience items, and wellness products.
Over the past several years, Walgreens has continued to evolve its business model to meet the changing demands of the U.S. healthcare system. This includes rolling out co-located primary care clinics through its partnership with VillageMD, expanding digital health capabilities, and introducing automated prescription fulfillment technologies.
Walgreens remains a highly desirable tenant in the commercial real estate investment sector due to its:
For net lease investors, Walgreens offers a combination of reliable cash flow, national credit tenancy, and predictable long-term performance—hallmarks of a best-in-class tenant.
Lease Overview – Absolute Triple-Net (NNN)
The lease structure for the Walgreens in Bristol, CT is an absolute triple-net lease (NNN), which is considered the most investor-favorable lease type in commercial real estate. Under this structure, Walgreens is responsible for all property-related expenses, including:
The lease contains no landlord responsibilities and provides pure passive income for the property owner. The tenant handles all operational and financial obligations associated with the property. This structure makes the asset ideal for investors seeking simplicity and predictability, particularly in trust structures, estate planning, and retirement-focused investment strategies.
Additional features of the lease include:
Bristol, Connecticut Market Overview – Hartford MSA
Bristol is a historic city located approximately 20 miles southwest of Hartford, the capital of Connecticut. As part of the Hartford Metropolitan Statistical Area (MSA), Bristol benefits from access to regional employment centers, health systems, universities, and government infrastructure. The city is home to more than 60,000 residents and is known for its suburban quality of life, high homeownership rate, and strong school systems.
The Hartford MSA has a population exceeding 1.2 million and serves as one of the primary economic engines in southern New England. Key economic drivers in the region include:
Major employers in the Hartford MSA include Aetna, Pratt & Whitney, Travelers, Hartford HealthCare, Cigna, and multiple hospital systems. This diverse employment base supports a stable local economy with above-average median household incomes and strong demand for healthcare services.
Bristol itself is a critical healthcare and residential hub within the metro area. Its location near regional highways and its small-town accessibility make it an ideal market for essential-use retail assets such as Walgreens.
Demographics and Consumer Profile
The Walgreens property in Bristol benefits from strong surrounding demographics, with steady population growth, a diversified consumer base, and consistent demand for prescription services.
Within a 5-mile radius of the property:
The property’s placement in a residential and commuter corridor means consistent foot traffic and prescription volume. The drive-thru pharmacy supports quick-service capabilities, while the interior retail floor plan offers general retail and wellness convenience to local residents.
Walgreens is strategically positioned to benefit from the aging population in the Hartford MSA. As demand for prescription drugs and chronic care management increases, so does Walgreens’ revenue stability and long-term relevance.
Retail Corridor and Site Features
The site is located on a well-trafficked commercial corridor with excellent access and high visibility. The property includes Walgreens’ standard prototype freestanding building with a drive-thru pharmacy, surface parking, and monument signage. It is surrounded by complementary retailers, professional services, financial institutions, and QSR chains.
Site characteristics include:
This site has historically demonstrated consistent performance and has been retained through multiple lease cycles—further evidence of its importance within the Walgreens retail network.
Corporate Credit Strength – Walgreens Boots Alliance
Walgreens Boots Alliance is a publicly traded Fortune 500 company with a long track record of financial strength and consistent lease performance. It carries an investment-grade credit rating from S&P and is considered one of the most stable tenants in the net lease industry.
Corporate highlights include:
Walgreens has demonstrated its ability to adapt to shifting healthcare trends, including the rise of digital prescriptions, aging populations, and increased demand for chronic care services. This adaptability contributes to its strong lease retention and store-level profitability.
Investment Highlights
Conclusion
This Walgreens Pharmacy in Bristol, Connecticut offers investors a rare opportunity to acquire a stable, passive, income-generating asset in one of southern New England’s most established metropolitan markets. The property’s absolute triple-net lease structure, investment-grade tenancy, and high-quality suburban location make it ideal for any investor seeking durable returns, minimal risk, and strong long-term value.
Whether your goals include tax deferral through a 1031 exchange, wealth preservation, or retirement income generation, this Walgreens asset is a compelling fit.