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Walgreens 9519 Foster Wheeler Rd 11,094 SF Retail Building Dansville, NY 14437 $1,592,000 ($143.50/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | Drive-Thru Equipped | Established Operator
- Interstate 390 | Excellent Frontage & Visibility | Located Near National/Credit Tenants
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Walgreens Corporate Guaranteed Lease
• The property is drive-thru equipped, offering added customer convenience and supporting future redevelopment potential
• Over 2 years remaining, with 5 (5-year) option periods to extend and 1 (3-year) option, with a 21.1% increase at the beginning of Option 1 and then a $1.02/SF/YR rental increase at the beginning of each following option, increasing NOI and hedging against inflation
• The tenant has operated at this location since 1997, demonstrating the tenant’s commitment to the site
• The property is drive-thru equipped, offering added customer convenience and supporting future redevelopment potential
• Over 2 years remaining, with 5 (5-year) option periods to extend and 1 (3-year) option, with a 21.1% increase at the beginning of Option 1 and then a $1.02/SF/YR rental increase at the beginning of each following option, increasing NOI and hedging against inflation
• The tenant has operated at this location since 1997, demonstrating the tenant’s commitment to the site
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,094 SF
Building Class
C
Year Built
1997
Price
$1,592,000
Price Per SF
$143.50
Cap Rate
9.50%
NOI
$151,241
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.44 AC
Zoning
C - Commercial
Parking
55 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 243889-189-000-0001-049-001-0000 | Improvements Assessment | $255,900 |
| Land Assessment | $50,200 | Total Assessment | $306,100 |
PROPERTY TAXES
Parcel Number
243889-189-000-0001-049-001-0000
Land Assessment
$50,200
Improvements Assessment
$255,900
Total Assessment
$306,100
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Walgreens | 9519 Foster Wheeler Rd
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