78-82 N Broad St - Drug Store FOR SALE


Norwich, NY 13815
$2,678,544 USD
847-562-9280
78-82 N Broad St, Norwich, NY for Sale
$2,678,544 USD
Drug Store - FOR SALE
1/3
null | 9% Cap Rate

78-82 N Broad St
Norwich, NY 13815


HIGHLIGHTS

  • Operating successfully as a pharmacy since 1998
  • Price below replacement cost
  • Minimal national drugstore competition in the area
  • Situated on North Broad Street with 17,300 vehicles per day
  • Nearby attractions: UHS Chenango Memorial Hospital (138 beds), Chenango County Fairgrounds, Norwich High School, and YMCA
  • Average household income within 5 miles: $78,218

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Norwich, New York. The tenant has successfully operated at this location as a pharmacy since 1998. The current lease term runs through December 2028 and contains two 5-year renewal options. Additionally, there are rental escalations at the start of each option. The 10,908-square foot property sits at a signalized intersection on North Broad Street, with over 17,300 vehicles passing daily. It faces minimal competition from national drug store chains in the area. Nearby landmarks include UHS Chenango Memorial Hospital (138 beds), Chenango County Fairgrounds, Norwich High School, and the YMCA. The average household income within a 5-mile radius is $78,218. Neighboring retailers include Grand Union Supermarkets, Dollar Tree, NBT Bank, Mavis, H&R Block, and others. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$2,678,544 USD

PRICE/SF

$246 USD /SF

CAP RATE

9%

% 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

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

Commercial (05)

APN/PARCEL ID

081100-136-480-0004-013-000-0000

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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