Pharmacy Net Lease 47 DST

Hartford, CT

Asset Class:Single Tenant Net Lease
Leverage0% - All-Cash/Debt-free
LocationHartford, CT
Minimum Investment:$50,000
Current DistributionMonthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Pharmacy Net Lease 47 DST is a 13,855 sq ft Walgreens pharmacy that is corporately backed by Walgreens Boots Alliance (NYSE: WBA). The offering is leased until December 31, 2031 – with five 5-year renewal options – and has been at the location for 25 years, demonstrating a strong commitment to the location.

Located at the four-way signalized intersection of Washington Street and Park Street. 1,000 feet from the Hartford Hospital. The property offers convenient access to Interstates 84 and 91, Trinity College, the state capitol and numerous downtown employers.

MSA Details

Frog Hollow is one of the neighborhoods of Hartford, Connecticut. It is a predominantly working class residential area, bounded on the north by Capitol Avenue, the east by Washington Street, the south by Madison and Hamilton Streets, and on the west by Interstate 84. The neighborhood was developed between about 1850 and 1930, and still contains a remarkable concentration of residential housing from that period. The entire neighborhood, covering more than 150 acres and including more than 900 buildings, is listed on the National Register of Historic Places.

Property Highlights

  • All-Cash Debt Free offering; 13,855 sq ft Walgreens Pharmacy
  • 100% occupied; leased through December 31, 2031 (with five, 5-year renewal options)
  • The lease is fully guaranteed by Walgreens corporate credit; Walgreens parent, Walgreens Boot Alliance (NYSE: WBA), is a publicly traded company and reported 2019 sales of $136.9 billion
  • WBA has a $40 Billion+ market cap
  • Walgreens has been in this location for 25 years
  • More than 39,902 people live within a 2-mile radius of the property; located less than 1-mile from the property, Trinity College is home to more than 2,200 students and 400 Faculty and Staff members
  • The property is located at the four-way signalized intersection of Washington Street and Park Street; the Property is 1,000 feet from the Hartford Hospital, located southwest of Hartford’s central business district

Source: Brochure, PPM, Google Maps

The market information provided above may not predict the future performance of the property.

*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.

All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.

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Risks & Disclosures

All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.

All offerings shown are Regulation D Rule 506c offerings.

This material has been prepared for accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment.

The information herein has been prepared for educational purposes only and does not constitute an offer to purchase securitie or real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities.

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation prior to considering an investment.

This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.

There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity.

Investors should read the PPM carefully before investing paying special attention to the risk section.

Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please speak with your CPA and Attorney to determine if an investment in real estate and DST properties is suitable for your particular situation/circumstances.

Past performance is not indicative of future returns.

Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

There are significant limitations on the ability to sell or transfer interests.

Expected cash flows and returns may not be realized and a loss of invested capital is possible.

The Sponsor, Co-Sponsor, Master Tenant, Trustee & Affiliates will all receive substantial fees relating to the syndication, ongoing management and disposition of this offering.

Securities offered through FNEX Capital, member FINRA, SIPC.

There are important risks specific to each tenant and their respective leases, including expiration dates, early termination options, renewal options and economics relating to rents paid and expense reimbursements. Should a tenant fail to meet their obligations, terminate early or fail to renew their lease it could have a material negative impact on the financial performance of this property.