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Walgreens 3948 State Route 281 14,490 SF Retail Building Cortland, NY 13045 $4,750,000 ($327.81/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 7 Years Remaining | Options To Extend | Termination Options
- Strong Demographics In 5-Mile Trade Area
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2006
Price
$4,750,000
Price Per SF
$327.81
Cap Rate
8%
NOI
$380,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.40 AC
Zoning
C-2
Parking
48 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
322’ on New York 281
AMENITIES
- Corner Lot
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 112289-086-013-0001-049-000-0000 | Improvements Assessment | $1,484,400 |
| Land Assessment | $500,000 | Total Assessment | $1,984,400 |
PROPERTY TAXES
Parcel Number
112289-086-013-0001-049-000-0000
Land Assessment
$500,000
Improvements Assessment
$1,484,400
Total Assessment
$1,984,400
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Walgreens | 3948 State Route 281
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