Log In/Sign Up
Your email has been sent.
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 Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Norwich, New York. The tenant has successfully operated at this location as a pharmacy since 1998. The current lease term runs through December 2028 and contains two 5-year renewal options. Additionally, there are rental escalations at the start of each option.
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.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,908 SF
Building Class
C
Year Built
1998
Price
$2,678,544
Price Per SF
$245.56
Cap Rate
9%
NOI
$241,069
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.42 AC
Opportunity Zone
Yes
Zoning
Commercial (05)
Parking
20 Spaces (1.83 Spaces per 1,000 SF Leased)
Frontage
101’ on Broad St
Amenities
- Bus Line
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2028
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2028 |
Walk Score®
Very Walkable (82)
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
Parcel Number
081100-136-480-0004-013-000-0000
Land Assessment
$170,000
Improvements Assessment
$530,000
Total Assessment
$700,000
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 78-82 N Broad St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.