4 Central Plz
Ilion, NY 13357
Walgreens - 6 Year NNN - 8.71% CAP · Retail Property For Sale

Marcus & Millichap is pleased to present a corporately guaranteed Walgreens located in Ilion New York with just under six years remaining on an absolute NNN lease. The site is a former Rite Aid location being acquired by Walgreens. The property was built in 2004 with a total of 14,000 square feet gross leasable area and sits on approximately 2.48 acres of land o? of Central Plaza and West Main Street, just o? of the US 5 South Highway, in Ilion New York. This is a well-insulated location with zero national competition in its trade area – the nearest Walgreens is over 14.5 miles away; the nearest CVS is over 11 miles from the subject. There is excellent visibility from both directions and the property boasts ample parking and a two-lane drive through. Over 13,000 vehicles pass by the subject property every day. The surrounding area features national retailers such as McDonald’s, Dollar General and Dunkin Donut’s. The property is adjacent to the Solcum-Dickson Medical Group, six churches, the local police station and the local courthouse. The property is just walking distance from the Remington Arms manufacturing, the largest producer of domestically made firearms and ammunition.