Historical Retail Sale Listing - NYC WALGREENS - Nearly 3 Mil People w/in 3 Miles !

Retail For Sale

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NYC WALGREENS - Nearly 3 Mil People w/in 3 Miles !

58-08 Metropolitan Ave., Ridgewood, NY 11385

N/A

12,050 SF | Retail

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Sample Walgreens

Retail Property - Off Market

Price:
N/A
Building Size:
12,050 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6.50%
Occupancy:
100%
Tenancy:
Single
Year Built:
2011
Lot Size:
18,718 SF
Listing ID
17041501
Last Updated
over 1 year ago

Highlights

  • PLEASE CLICK LINK ABOVE FOR THE MARKETING PACKAGE.
  • ALMOST 3 MILLION PEOPLE (DAYTIME POPULATION) W/IN 3 MILES !!!
  • The only national drug store chain in the East / West corridor.
  • Freestanding corner building.
  • National credit tenant.
  • True NNN lease. NO landlord responsibilities.

Description

PLEASE CLICK LINK ABOVE FOR THE MARKETING PACKAGE.

This Walgreens is ideally situated on a very high traffic corner at Metropolitan Ave and Forest Ave. in (Ridgewood/Forest Hills) Queens NY, in a very densely populated area of Queens with over 2 million people w/in 5 miles. It is located within one block of a local medical clinic as well as nationally recognized restaurants including Subway and Papa Johns and many local retailers.

Walgreens has announced that it will be cutting production of new Walgreens stores by 2/3rds. The Walgreens that we are marketing in NYC are among the last that are expected to be built in NYC for some time.

With Walgreens acquisition of Duane Reade, consolidation in NY is expected in the near future with new Walgreens stores benefiting the most.

THIS IS ONE OF THE ONLY NATIONAL DRUG STORES ON THE EAST-WEST ARTERIAL OF METROPOLITAN AVE. (see drug store competition attached).

Queens is the largest in the area, the second largest in population, and the eastern most of the five boroughs that form New York. Located on the westernmost part of Long Island, Queens is home to both NYC airports, JFK and LaQuardia.

Founded in 1901, Walgreens provides the most convenient access to consumer goods and services, and pharmacy, health and wellness services, in America. Walgreens has recorded over 33 consecutive years of record sales and earnings.

Walgreens is a Fortune "50" national credit tenant (traded under the symbol "WAG") with an S&P "A" rating and is listed among Fortune Magazine*s "Most Admired Companies", "Platinum 400 List" and "40 Best Stocks to Retire On"

In association with:
John Chang, Esq.
401 Broadway, Suite 2002
New York, NY 10013.

Map of 58-08 Metropolitan Ave., Ridgewood, NY 11385 (Queens County)

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Created 2/24/2011