4 Central Plz
Ilion, NY 13357
Walgreens - 9.63% CAP - 4.5 Year NNN · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present a Walgreens located at 4 Central Plaza in Ilion, New York, with just under five years remaining on the absolute triple-net lease with zero landlord responsibilities. The property was built in 2004 with a total of 13,813 square feet of gross leasable area and is situated on a 1.71 acre signalized corner parcel off of Central Plaza and West Main Street, just south of the Interstate 90. The combined traffic counts at this intersection are just over 24,000 vehicles daily. This is a well-insulated location with zero national competition in its trade area. The nearest CVS is over 11 miles away from the subject. There is excellent visibility from both directions and the property boasts ample parking and a two-lane drive through. The surrounding area features national retailers such as McDonalds, Dollar General, Dunkin Donuts, Bank of America, and many other strong national and local tenants. The property is adjacent to the Solcum-Dickson Medical Group, six churches, and the local police station and the local courthouse. The property is directly adjacent to the Remington Arms manufacturing facility, the largest producer of domestically made firearms and ammunition. Walgreens has waived its option to extend the Lease. The Lease shall therefore expire on July 31, 2024. Broker of Record: John Krueger/ New York License #10311205789