Historical Retail Sale Listing - Walgreens Pharmacy

Retail For Sale

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Walgreens Pharmacy

600 Maiden Lane, Greece, NY 14616

N/A

13,579 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
13,579 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.35%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2010
Lot Size:
2.26 AC
Listing ID
16629142
Last Updated
over 1 year ago

Highlights

  • " Brand-new, free-standing Walgreens store located in Greece (Rochester), New York
  • " Corporate-backed (S&P: A+) lease in place, with a 25-year initial lease term and 50 years of renewal options
  • " Absolute NNN, with no landlord responsibilities whatsoever
  • nstruction completion and rent commencement expected for February 1, 2010
  • " Property is located less than one mile from Highway 390 in a suburb of Rochester, New York.
  • Retail in the immediate area include: Tops Market, Aldi, Blockbuster, Wegman's, among others.

Description

an Johnson Company is pleased to offer for sale to qualified investors an attractive free-standing retail property with a long-term lease located in Greece (Rochester), New York.

The brand-new fee-simple property is 100% leased and guaranteed by Walgreens (NYSE: WAG), which holds an A+ rating with Standard and Poor's and has a net worth in excess of $14.3 billion.

The city of Greece is a town in Monroe County, New York. As of the 2000 United States census, the town had a total population of 94,141.

Greece is in the northern part of the county and borders the City of Rochester on the east, the town of Gates on the south, the towns of Parma and Ogden on the west and Lake Ontario on the north. The town is a contiguous suburb of Rochester.

The City of Rochester, with a population of approximately 210,000, is the third largest city in New York State and the economic and cultural center of the Genesee River-Finger Lakes region.

Over one-third of the total U.S. population - more than 80 million people - is within a 400 mile radius of Rochester, NY.

The Rochester metropolitan area is the second largest economy in New York State, behind the New York City metropolitan area.

Map of 600 Maiden Lane, Greece, NY 14616 (Monroe County)

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