160 Fairview Ave - Drug Store FOR SALE


Hudson, NY 12534
$3,448,000 USD
929-229-2614
160 Fairview Ave, Hudson, NY for Sale
$3,448,000 USD
Drug Store - FOR SALE
1/9
null | 6% Cap Rate

160 Fairview Ave
Hudson, NY 12534


HIGHLIGHTS

  • 3 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Strong Performing Store | Reputable Brand
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Outparcel to Fairview Plaza (282K+ SF) | Dense Retail Trade Area
  • Located Along Fairview Plaza | Centralized Location |Drive-Thru Equipped | Excellent Visibility & Access
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease in collaboration with Trinity Realty Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, drive-thru equipped, CVS Pharmacy investment property located in Hudson, NY. The tenant, CVS Mack Drug of New York, LLC (CVS), has 3 years of firm term remaining with an additional 3 (5-year) option periods left to extend. The lease features scheduled rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (NYSE: CVS | S&P: BBB) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1963, CVS is the leading retail pharmacy chain in the U.S. with over 9,100 operating locations.

FOR SALE DETAILS

PRICE

$3,448,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

401

APN/PARCEL ID

104000-110-000-0001-093-000-0000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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