4999 State Highway 30 - Drug Store FOR SALE


Amsterdam, NY 12010
$4,700,000 USD
646-303-9613
4999 State Highway 30, Amsterdam, NY for Sale
$4,700,000 USD
Drug Store - FOR SALE
1/6
null | 7.34% Cap Rate

4999 State Highway 30
Amsterdam, NY 12010


HIGHLIGHTS

  • Prime Location | Situated along a primary retail corridor anchored by major retailers such as Walmart, Target, Kohl’s, Marshalls, Lowe’s, and More
  • Ancillary Integral Operations | Premier corner location with outstanding visibility directly across from St Mary's Hospital and Memorial Health Center
  • LabCorp at Walgreens | The property benefits from an on-site LabCorp patient service center, offering diagnostic and specimen collection services
  • Strong Traffic and Market Position | According to Placer.ai, this is the #1 Walgreens location within 10 miles and #4 (4/37) within 50 miles
  • Long-Term, Stable Tenant | Walgreens is a widely recognized, established tenant, providing stability and predictability in rental income
  • Proven Location | Walgreens has operated in this location for over 17 years, demonstrating the strength of the site and its continued success over tim

OVERVIEW

SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Walgreens located in Amsterdam, New York. This prime investment opportunity is secured by an absolute triple-net (NNN) lease with over eight years of remaining primary term and eight additional five-year renewal options, offering long-term income stability with no landlord responsibilities for taxes, insurance, or maintenance. The property is prominently positioned at a hard corner along NY State Highway 30, a primary retail corridor with daily traffic counts exceeding 15,000 vehicles. It benefits from excellent visibility, signage, and access, and is surrounded by a strong lineup of national retailers including Walmart, Target, Kohl’s, Marshalls, Lowe’s, and Planet Fitness, as well as leading quick-service restaurant brands. In addition, the location features a LabCorp at Walgreens patient service center, offering convenient diagnostic and specimen collection services. This added healthcare amenity further enhances the property’s foot traffic, positions it as a community healthcare hub, and supports Walgreens’ broader strategy to serve as an integrated health and wellness destination. According to Placer.ai data, this is the #1 Walgreens location within a 10-mile radius and ranks #4 out of 37 locations within a 50-mile radius, underscoring the site’s high customer traffic and strong market positioning. Walgreens has successfully operated at this location for over 17 years, reflecting the strength and consistency of the real estate. The lease structure, combined with tenant performance and the property’s proven retail and healthcare fundamentals, offers investors a secure, predictable income stream in a location with lasting appeal.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

7.34%

% 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

50

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

B1

APN/PARCEL ID

272089-039-000-0005-005-002-0000

ASK ABOUT THIS PROPERTY

Asher WenigSAB CapitalMore Info
646-303-9613

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Asher WenigSAB CapitalMore Info
646-303-9613

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