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CVS PHARMACY 461 2nd Ave 10,125 SF Retail Building Troy, NY 12182 $3,193,000 ($315.36/SF) 7.50% Cap Rate
Investment Highlights
- Commitment to Location: CVS recently renewed its lease at this site without negotiations, underscoring its strong commitment to this location.
- Passive Ownership Structure: Landlord responsibilities are limited exclusively to the roof and structure, making this a hassle-free investment.
- Long-Standing Presence: CVS has been operating here since 2004, providing nearly 20 years of uninterrupted service.
Executive Summary
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
2004
Price
$3,193,000
Price Per SF
$315.36
Cap Rate
7.50%
NOI
$239,456
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.67 AC
Zoning
B5 - Central business district
Parking
56 Spaces (5.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1700-080.63-11-1 | Improvements Assessment | $2,631,300 |
| Land Assessment | $100,000 | Total Assessment | $2,731,300 |
Property Taxes
Parcel Number
1700-080.63-11-1
Land Assessment
$100,000
Improvements Assessment
$2,631,300
Total Assessment
$2,731,300
Contacts
-
Dylan Schroeder -
Connor Knauer -
Michael Wolsiefer -
Matthews Real Estate Investment Services
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