202 Broad St - Drug Store FOR SALE
Glens Falls, NY 12801 |
$5,200,000 USD
513-325-8682
202 Broad St
Glens Falls, NY 12801
HIGHLIGHTS
- ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES The tenant operates under an absolute NNN lease, resulting in no landlord responsibilities
- 8+ YEARS REMAINING ON INITIAL 25 YEAR LEASE Walgreens executed a 25-year corporate lease which commenced on 6/1/2008 and has 8+ years remaining
- GLOBAL LEADER IN HEALTHCARE PHARMACY AND RETAIL Walgreens is a leading integrated healthcare, pharmacy, and retail operator serving millions
- PRIME HIGHWAY ACCESS & STRONG VISIBILITY The property benefits from proximity to I-87, exposing it to 44,000+ AADT & fronting Broad Street 16,000+ AAD
- STRATEGIC LOCATION AMONG LEADING NATIONAL & REGIONAL BRANDS: site benefits from 2021-built 72-unit apartment community & cluster of national retailers
- PROXIMITY TO 391 BED GLENS FALLS HOSPITAL Situated Within Close Proximity to Glens Falls Hospital , a 391-Bed Community Hospital
FOR SALE DETAILS
PRICE
$5,200,000 USD
PRICE/SF
$357 USD /SF
CAP RATE
8.37%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
0.38 AC
LAND SF
16,553 SF
ZONING
05
APN/PARCEL ID
520500-309-011-0005-043-002-0000
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513-325-8682
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513-325-8682
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