99 Chestnut St - Drug Store FOR SALE


Oneonta, NY 13820
$7,140,000 USD
646-841-0627
99 Chestnut St, Oneonta, NY for Sale
$7,140,000 USD
Drug Store - FOR SALE
1/3
null | 6.25% Cap Rate

99 Chestnut St
Oneonta, NY 13820


HIGHLIGHTS

  • Close Proximity To State University of New York Oneonta and Hartwick College
  • Proximity to A.O. Fox Hospital
  • Minimal Rx Competition
  • Rare Liquor License Site
  • New Long-Term Lease with Increases
  • Signalized Intersection

OVERVIEW

Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 99 Chestnut Street, a 12,000 SF single-tenant building located in Oneonta, New York. The property was built-to-suit and is occupied by Walgreens, who has operated at this location since 2009. The absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord and is guaranteed by Walgreens Corporate through the remaining 9 years of firm lease term. The property is located in Oneonta, New York - home to over 7,500 students of State University of New York Oneonta and Hartwick College. 1.2 miles from SUNY Oneonta and just under .6 miles from Hartwick College, the property benefits from its close proximity to both campuses and provides a highly valuable and predictable client base every year. This site holds two strategic advantages to other Walgreens. This site is the only Walgreens or CVS found within Oneonta, giving it a leading market share of pharmacy orders in the area. The site also greatly benefits from holding a liquor license, boosting overall site revenue through alcohol sales. View OM For More Details

FOR SALE DETAILS

PRICE

$7,140,000 USD

PRICE/SF

$595 USD /SF

CAP RATE

6.25%

% 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

2009

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

-

APN/PARCEL ID

361200-300-005-0004-017-000-0000

ASK ABOUT THIS PROPERTY

Jason MaierNorthmarqMore Info
646-841-0627

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

Jason MaierNorthmarqMore Info
646-841-0627

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