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Walgreens 78-82 N Broad St 10,908 SF Retail Building Norwich, NY 13815 $2,678,544 ($245.56/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating successfully as a pharmacy since 1998
- Minimal national drugstore competition in the area
- Nearby attractions: UHS Chenango Memorial Hospital (138 beds), Chenango County Fairgrounds, Norwich High School, and YMCA
- Price below replacement cost
- Situated on North Broad Street with 17,300 vehicles per day
- Average household income within 5 miles: $78,218
EXECUTIVE SUMMARY
The 10,908-square foot property sits at a signalized intersection on North Broad Street, with over 17,300 vehicles passing daily. It faces minimal competition from national drug store chains in the area. Nearby landmarks include UHS Chenango Memorial Hospital (138 beds), Chenango County Fairgrounds, Norwich High School, and the YMCA. The average household income within a 5-mile radius is $78,218. Neighboring retailers include Grand Union Supermarkets, Dollar Tree, NBT Bank, Mavis, H&R Block, and others.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
PROPERTY FACTS
AMENITIES
- Bus Line
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- Dec 2028
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Dec 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 081100-136-480-0004-013-000-0000 | Improvements Assessment | $530,000 |
| Land Assessment | $170,000 | Total Assessment | $700,000 |
PROPERTY TAXES
Presented by
Walgreens | 78-82 N Broad St
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