9050 Erie Rd - Drug Store FOR SALE


Angola, NY 14006
$3,360,000 USD
619-297-0055
9050 Erie Rd, Angola, NY for Sale
$3,360,000 USD
Drug Store - FOR SALE
1/2
null | 10% Cap Rate

9050 Erie Rd
Angola, NY 14006


HIGHLIGHTS

  • The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
  • Situated on ±99,752 square feet (2.29 Acres) of land along NY Route 5.
  • The next closest Walgreens is 13 miles away while the nearest CVS is 15 miles away.
  • Positioned along the area’s primary commercial and commuter corridor with direct visibility and access.
  • 1 mile from Lake Erie and near Evangola State Park.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 9050 Erie Road, Angola, NY (the “Property”). Walgreens has been operating at this location for over 15 years under a absolute triple-net (NNN) lease with no landlord responsibilities, with 9 years of firm term remaining and sits on a 2.29-acre parcel. The Property is located along Erie Road (NY Route 5), the area’s primary commercial and commuter corridor, with direct access and visibility from the roadway. It is positioned between the Village Center of Angola and the shores of Lake Erie, both approximately 1 mile away. The surrounding area includes John T Elementary, William G Middle School and Lake Shore High School and regional tenants such as Tops Friendly Markets, Rite Aid, Tim Hortons, Key Bank, and Napa Auto Parts. There is limited competition in the area with a Rite Aid adjacent to the Property with the next closest Walgreens located approximately 13 miles away and the nearest CVS approximately 15 miles away. Angola is located about 20 miles southwest of Buffalo and benefits from proximity to Evangola State Park and Lake Erie, which draw seasonal visitors for beach access, camping, boating, and fishing. Listed in conjunction with Brian Brockman, Bang Realty - New York Inc, 513-898-1551, wg@bangrealty.com, NY DRE Lic. 10311208985.

FOR SALE DETAILS

PRICE

$3,360,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buffalo MSA Walgreens | Limited Competition

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

Commercial

APN/PARCEL ID

144489-235-130-0003-015-100

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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