1901 2nd Ave
Watervliet, NY 12189
Walgreens 7+ Years | 6.5% CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment grade credit with Walgreens carrying an S&P rating of BBB
- Dense infill location with high barriers to entry
- Minimal management obligations
- Long standing history at this location with Walgreens/(formerly Rite Aid) exercising their first option early
- Hard corner signalized intersection
- Irreplaceable location for Walgreens
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,738 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.80 AC
Zoning
B2
Parking
69 Spaces (5.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 011800-032-059-0003-030-001-0000 | Improvements Assessment | $1,110,000 |
| Land Assessment | $1,100,000 | Total Assessment | $2,210,000 |
