9519 Foster Wheeler Rd - Drug Store FOR SALE


Dansville, NY 14437
$1,592,000 USD
214-560-6900
9519 Foster Wheeler Rd, Dansville, NY for Sale
$1,592,000 USD
Drug Store - FOR SALE
1/8
null | 9.5% Cap Rate

9519 Foster Wheeler Rd
Dansville, NY 14437


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Drive-Thru Equipped | Established Operator
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Interstate 390 | Excellent Frontage & Visibility | Located Near National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Walgreens Corporate Guaranteed Lease • The property is drive-thru equipped, offering added customer convenience and supporting future redevelopment potential • Over 2 years remaining, with 5 (5-year) option periods to extend and 1 (3-year) option, with a 21.1% increase at the beginning of Option 1 and then a $1.02/SF/YR rental increase at the beginning of each following option, increasing NOI and hedging against inflation • The tenant has operated at this location since 1997, demonstrating the tenant’s commitment to the site

FOR SALE DETAILS

PRICE

$1,592,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

C

APN/PARCEL ID

243801 189.17-2-8,243889 189.-1-49.1

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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