This property is Off-Market

Second Ave & 112th St
Troy, NY 12182 ·

10,125 SF · Retail For Sale

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CVS - Lansingburgh, NY

Price N/A Property Use Type Investment
Building Size 10,125 SF Cap Rate 6.25%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2000
Listing ID: 14729712 Date Created: 08/01/2006 Last Updated: 02/05/2007

Description

STAUBACH is pleased to offer for sale the CVS/Pharmacy located in Lansingburgh, New York at the corner of Second Avenue & 112th Street. The property is approximately 10,125 square feet.

Tenant CVS fills more prescriptions that any other drugstore chain, although it trails rival Walgreens in total sales. CVS operates about 4,100 stores, primarily in the eastern US. Prescription sales account for nearly 70% of its revenues.
DBA: CVS
Parent Company: CVS Corporation
Revenue: 2004 - $30,594.3 (Mil)
Credit Rating: A2* Moody s
Web Site:
*This is described as having a strong capacity to pay interest and repay principal. However, it is somewhat more susceptible to adverse changes in circumstances and economic conditions . It was given a High Grade Rating.
Asking Price $4,420,000 No existing debt
Rent $276,210 per annum
Cap Rate 6.25%
Lease Terms Lease expires January 31, 2026
NNN Lease with Five 5-year options at $239,456 (Landlord responsible for roof and structure)

Highlights

  • Asking Price $4,420,000 – No existing debt
  • Rent $276,210 per annum
  • Cap Rate 6.25%
  • Lease Terms Lease expires January 31, 2026
  • NNN Lease with Five 5-year options at $239,456 (Landlord responsible for roof and structure)

Research

Second Ave & 112th St, Troy, NY 12182 (Rensselaer County)

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