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Walgreens 202 Broad St 14,550 SF Retail Building Glens Falls, NY 12801 $4,800,000 ($329.90/SF) 9.06% Cap Rate
Investment Highlights
- ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES The tenant operates under an absolute NNN lease, resulting in no landlord responsibilities
- GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL Walgreens is a leading integrated healthcare, pharmacy, and retail operator serving millions
- STRATEGIC LOCATION AMONG LEADING NATIONAL & REGIONAL BRANDS: site benefits from 2021-built 72-unit apartment community & cluster of national retailers
- 8+ YEARS REMAINING ON INITIAL 25 YEAR LEASE Walgreens executed a 25-year corporate lease which commenced on 6/1/2008 and has 8+ years remaining
- PRIME HIGHWAY ACCESS & STRONG VISIBILITY The property benefits from proximity to I-87, exposing it to 44,000+ AADT & fronting Broad Street 16,000+ AAD
- PROXIMITY TO 391 BED GLENS FALLS HOSPITAL Situated Within Close Proximity to Glens Falls Hospital , a 391-Bed Community Hospital
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
C
Year Built
2008
Price
$4,800,000
Price Per SF
$329.90
Cap Rate
9.06%
NOI
$435,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.88
Lot Size
0.38 AC
Zoning
05
Parking
60 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 520500-309-011-0005-043-002-0000 | Improvements Assessment | $2,568,600 |
| Land Assessment | $89,800 | Total Assessment | $2,658,400 |
Property Taxes
Parcel Number
520500-309-011-0005-043-002-0000
Land Assessment
$89,800
Improvements Assessment
$2,568,600
Total Assessment
$2,658,400
Contacts
-
Darpan Patel -
Dante Moretti -
Dan Yozwiak -
Paige Bucheit -
Sam Elyassaki -
Peter Sibicky -
Marcus & Millichap
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Walgreens | 202 Broad St
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