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Walgreens 173 Fairview Ave 11,585 SF Retail Building Hudson, NY 12534 $3,540,294 ($305.59/SF) 8.50% Cap Rate
Investment Highlights
- Consolidation store with Walgreens closing adjacent location and consolidating operations here
- Strong retail corridor along US-9 adjacent to 282,000+ SF regional shopping center
- Located 0.9 miles from Columbia Memorial Health 192-bed acute care hospital
- Rental escalations averaging 3.5% every 5 years providing built-in hedge against inflation
- Average household income within 5-mile radius exceeds $102,000 supporting consumer spending
- Within 0.5 miles of multiple senior housing facilities driving pharmacy demand
Executive Summary
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,585 SF
Building Class
B
Year Built
2002
Price
$3,540,294
Price Per SF
$305.59
Cap Rate
8.50%
NOI
$300,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.09 AC
Zoning
402 - Commercial
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 104000-110-006-0002-055-100-0000 | Improvements Assessment | $2,829,900 |
| Land Assessment | $280,100 | Total Assessment | $3,110,000 |
Property Taxes
Parcel Number
104000-110-006-0002-055-100-0000
Land Assessment
$280,100
Improvements Assessment
$2,829,900
Total Assessment
$3,110,000
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Walgreens | 173 Fairview Ave
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