308 Ontario St
Cohoes, NY 12047
Dollar Tree (Essential - Recently Remodeled) · Retail Property For Sale
Investment Highlights
- Absolute NNN Leased Dollar Tree (Subleased by Rite Aid/Walgreens)
- Located Only 9 Miles North of Albany and 160 Miles North of New York City
- Low Rent (Only $18 / Square Foot)
- Store Was Fully Remodeled and Dollar Tree Opened For Business February 2020
- More than 138,000 People Living Within 5 Miles
- Approximately $2,000,000 in Rent Will Be Received Prior to Lease Expiration
Property Facts
Amenities
- Bus Line
- Signage
About 308 ONTARIO ST , COHOES, NY 12047
Marcus & Millichap has been selected to exclusively market for sale the fee simple Rite Aid (Subleased to Dollar Tree) property located in Cohoes, New York. A corporate guaranteed, absolute NNN lease was signed in 2007 and will expire in May of 2027 meaning there are more than seven (7) years remaining on the initial lease term. The tenant has four 5-year options to extend the lease with rent bumps included in each option period. This site was acquired by Walgreens in 2018 as part of the acquisition of more than fifty other stores in the state of New York. In September of 2019 Walgreens approved a sublease to Dollar Tree. Dollar Tree fully remodeled the building in late 2019 and opened for business in February of 2020. The subject property is located in the heart of Cohoes which is only nine (9) miles north of Albany, NY and one hundred and sixty (160) miles north of New York City. More than 67,176 people live within three (3) miles of the property as of 2018.
Property Taxes
| Parcel Number | 010300-010-059-0003-036-000-0000 | Improvements Assessment | $589,500 |
| Land Assessment | $354,500 | Total Assessment | $944,000 |
Property Taxes
