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Walgreens 4999 State Highway 30 14,550 SF Retail Building Amsterdam, NY 12010 $4,700,000 ($323.02/SF) 7.34% Cap Rate
Investment Highlights
- Prime Location | Situated along a primary retail corridor anchored by major retailers such as Walmart, Target, Kohl’s, Marshalls, Lowe’s, and More
- LabCorp at Walgreens | The property benefits from an on-site LabCorp patient service center, offering diagnostic and specimen collection services
- Long-Term, Stable Tenant | Walgreens is a widely recognized, established tenant, providing stability and predictability in rental income
- Ancillary Integral Operations | Premier corner location with outstanding visibility directly across from St Mary's Hospital and Memorial Health Center
- Strong Traffic and Market Position | According to Placer.ai, this is the #1 Walgreens location within 10 miles and #4 (4/37) within 50 miles
- Proven Location | Walgreens has operated in this location for over 17 years, demonstrating the strength of the site and its continued success over tim
Executive Summary
The property is prominently positioned at a hard corner along NY State Highway 30, a primary retail corridor with daily traffic counts exceeding 15,000 vehicles. It benefits from excellent visibility, signage, and access, and is surrounded by a strong lineup of national retailers including Walmart, Target, Kohl’s, Marshalls, Lowe’s, and Planet Fitness, as well as leading quick-service restaurant brands. In addition, the location features a LabCorp at Walgreens patient service center, offering convenient diagnostic and specimen collection services. This added healthcare amenity further enhances the property’s foot traffic, positions it as a community healthcare hub, and supports Walgreens’ broader strategy to serve as an integrated health and wellness destination.
According to Placer.ai data, this is the #1 Walgreens location within a 10-mile radius and ranks #4 out of 37 locations within a 50-mile radius, underscoring the site’s high customer traffic and strong market positioning. Walgreens has successfully operated at this location for over 17 years, reflecting the strength and consistency of the real estate.
The lease structure, combined with tenant performance and the property’s proven retail and healthcare fundamentals, offers investors a secure, predictable income stream in a location with lasting appeal.
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
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LabCorp is a publicly traded life sciences company headquartered in Burlington, North Carolina. Founded on September 5, 1978, the organization has evolved into a global provider of diagnostic testing and laboratory services. Operating across nearly 100 countries, the company offers extensive clinical diagnostics and supports medical decision-making through specialized laboratory capabilities. LabCorp functions through two primary segments: diagnostics services and biopharma laboratory services. Its diagnostic offerings include routine and specialized laboratory tests, molecular diagnostics, and pathology analysis. The organization is also active in drug development, providing laboratory support for clinical trials and related research. LabCorp is listed on the New York Stock Exchange under the ticker symbol LH and is privately held by a broad base of public shareholders. The company has achieved notable growth through strategic acquisitions and technological investment. Its network includes laboratory campuses, specialty testing centers, and administrative operations supporting laboratory workflows.
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- Retailer
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Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Health Care and Social Assistance | - | - | - | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 272089-039-000-0005-005-002-0000 | Improvements Assessment | $88,000 |
| Land Assessment | $30,000 | Total Assessment | $118,000 |
Property Taxes
Presented by
Walgreens | 4999 State Highway 30
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