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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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 133801-7271-19-509241-0000
  • 133889-7271-00-524328-0000
Land Assessment
$220,700
Improvements Assessment
$1,620,700
Total Assessment
$1,841,400
  • Listing ID: 34679648

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 108 Route 44, Millerton, NY 12546

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