147 N Comrie Ave
Johnstown, NY 12095
Walgreens | Abs NNN | 7.98 CAP · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Johnstown, NJ. The lease has approximately 2 years remaining before the two (5-year) options to follow and operates on an absolute net lease basis with no landlord responsibilities whatsoever. This location was acquired from Rite Aid as part of their acquisition of over 1,900 Rite Aid properties in 2018. The store has a successful operating history of 20+ years at this site. The pharmacy is now operating as a Walgreens. This Walgreens is the only national chain drugstore serving the community of Johnstown. The next nearest Walgreens or CVS is located more than 3.5 miles north in Gloversville. Walgreens is located on the signalized hard corner of North Comrie Avenue (20,090 VPD) and Briggs Street (7,920 VPD) with combined daily traffic counts of over 28,000 vehicles per day. Comrie Avenue is the main retail corridor in Johnstown with a majority of the city’s major national retailers. One block north of Walgreens is Johnstown Mall, a 140,000+ square feet retail center anchored by Price Chopper with additional tenants including Sherwin-Williams, Subway, GameStop and Aaron’s. Directly across the street from Johnstown Mall is another retail center anchored by T.J. Maxx, Dollar Tree and Advance Auto Parts. Other national tenants in the area include Dunkin Donuts, Pizza Hut, Autozone, Applebee’s and KeyBank.