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869 2nd Ave
Troy, NY 12182
Retail Property For Sale
EXECUTIVE SUMMARY
Rare opportunity to purchase this Walgreens on a NN lease structure with minimal Landlord responsibilities in Troy, NY. The property sits on a 1.91-acre plot settled against the Hudson River in an irreplaceable, infill location. This property services the immediate surrounding households of the suburb north of Albany. With 3.5 years of term remaining and four 5-year options to extend, this opportunity provides stable income and potential for yield increases upon renewal options being exercised.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
B
Year Built
2008
Price
$4,000,000
Price Per SF
$272.61
Cap Rate
15.05%
NOI
$602,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.91 AC
Zoning
B3
Frontage
PROPERTY TAXES
| Parcel Number | 1700-070.80-3-3 | Improvements Assessment | $4,184,000 |
| Land Assessment | $96,000 | Total Assessment | $4,280,000 |
PROPERTY TAXES
Parcel Number
1700-070.80-3-3
Land Assessment
$96,000
Improvements Assessment
$4,184,000
Total Assessment
$4,280,000
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