1008 Union Center Maine Hwy - Drug Store FOR SALE


Endicott, NY 13760
$2,989,630 USD
781-776-4006
1008 Union Center Maine Hwy, Endicott, NY for Sale
$2,989,630 USD
Drug Store - FOR SALE
1/6
null | 6.75% Cap Rate

1008 Union Center Maine Hwy
Endicott, NY 13760


HIGHLIGHTS

  • Long-Term Lease
  • Scheduled Rent Increases
  • Investment Grade Credit
  • Minimal Landlord Responsibilities
  • Strategic Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple investment property located at 1008 Union Center Maine Highway in Endicott, New York (the “Property”). The Property, constructed in 2000, is leased to CVS and consists of a 10,125 square foot building with a dedicated drive through lane. CVS recently extended their lease, demonstrating their commitment to the site and the market. CVS has 9+ years remaining on their lease with five (5), five-year renewal options. CVS benefits from a highly accessible position along NY Route 26, a key north-south corridor connecting Endicott with Union Center, the Town of Maine, and the broader Southern Tier. The Property is positioned within an established neighborhood-oriented commercial area, with Weis Markets, Speedway and West Corners Plaza immediately adjacent and additional residential, retail, and institutional uses surrounding the corridor. NY Route 26 provides direct connectivity toward central Endicott and NY Route 17C, while Interstate 86/NY Route 17 and Interstate 81 provide convenient access to the broader Greater Binghamton region and surrounding markets. The location is particularly well suited for CVS given the combination of nearby residential neighborhoods, schools, employers, and healthcare demand. Union-Endicott High School, Jennie F. Snapp Middle School, and Ann G. McGuinness Elementary School are located within the surrounding Endicott community, while major employment drivers include BAE Systems and Amphenol maintain significant operations in the area. Healthcare demand is further supported by UHS Wilson Medical Center (Hospital) in nearby Johnson City. The combination of established residential density, nearby schools and employment centers, and proximity to major healthcare infrastructure provides CVS with a well-positioned location to serve recurring pharmacy, healthcare, and everyday retail needs

FOR SALE DETAILS

PRICE

$2,989,630 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

NC

APN/PARCEL ID

034689-140-020-0004-004-000-0000

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.