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Walgreens 1645 Columbia Tpke 14,653 SF Retail Building Castleton On Hudson, NY 12033 $3,225,000 ($220.09/SF) 12.78% Cap Rate
Executive Summary
• This is a strong performing location with extremely high reported sales (contact broker)
• Positioned within the Albany MSA – Ranked #63 in the United States for population size
• Walgreens took over this location from Rite Aid in 2018
• Located along Columbia Turnpike (12,400 VPD)
• Within proximity to Interstate 90 (36,129 VPD)
• 28,407 people live within ?ve miles of the property
• Average household income within a three-mile radius is $154,716
• Less than 1.5 miles north of two NEW Amazon Ful?lment Centers
• Neighboring tenants include Tractor Supply Company, USPS, Curtis Lumber Co., and Evergreen Country Club
• Positioned within the Albany MSA – Ranked #63 in the United States for population size
• Walgreens took over this location from Rite Aid in 2018
• Located along Columbia Turnpike (12,400 VPD)
• Within proximity to Interstate 90 (36,129 VPD)
• 28,407 people live within ?ve miles of the property
• Average household income within a three-mile radius is $154,716
• Less than 1.5 miles north of two NEW Amazon Ful?lment Centers
• Neighboring tenants include Tractor Supply Company, USPS, Curtis Lumber Co., and Evergreen Country Club
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,653 SF
Building Class
C
Year Built
2000
Price
$3,225,000
Price Per SF
$220.09
Cap Rate
12.78%
NOI
$412,161
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.95 AC
Zoning
HC
Parking
50 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
144’ on Columbia Tpke
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $28.30
- Triple Net
- Mar 2027
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $28.30 | Triple Net | Mar 2027 |
Property Taxes
| Parcel Number | 4489-189-5-1.12 | Improvements Assessment | $2,376,200 |
| Land Assessment | $123,800 | Total Assessment | $2,500,000 |
Property Taxes
Parcel Number
4489-189-5-1.12
Land Assessment
$123,800
Improvements Assessment
$2,376,200
Total Assessment
$2,500,000
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Walgreens | 1645 Columbia Tpke
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