108 Route 44 | Millerton, NY 12546
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- LoopNet Team
108 Route 44
Millerton, NY 12546
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Corporate Lease Guarantee | CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the US (9,700 Stores)
- Established Long-Term Commitment to Site | 27 Year Successful Operating History
- No Pharmacy Competition Within Submarket | Consistent & Loyal Customer Demand
- High Performing CVS Location | Over $12,500,000 in Reported Gross Sales (2024) | Extremely Profitable 1.9% Rent to Sales Ratio
- Attractive Modified NNN Lease | Minimal Landlord Responsibilities | 6% Rent Increases Every 5 Years | Renovated in 2005
- Located Near Border of Connecticut and Massachusetts | Millerton is 35 Miles from Poughkeepsie, NY, the Largest City in Dutchess County
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,349 SF
Building Class
C
Year Built
1957
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.40 AC
Zoning
BD-3
Frontage
200’ on Route 44
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,620,700 | |
| Land Assessment | $220,700 | Total Assessment | $1,841,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$220,700
Improvements Assessment
$1,620,700
Total Assessment
$1,841,400
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