Listed by The Boulder Group
$3,225,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,564
Cap Rate 12.78%
NOI $412,161
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 03/31/2027
Remaining Term 0.8
Rent Bumps Yes
Lease Options Five 5-year
Year Built 2000
Investment Type Net Lease
12.78% Cap Rate | Strong Sales | Albany MSA
Marketing description
• This is a strong performing location with extremely high reported sales (contact broker)
• Positioned within the Albany MSA – Ranked #63 in the United States for population size
• Walgreens took over this location from Rite Aid in 2018
• Located along Columbia Turnpike (12,400 VPD)
• Within proximity to Interstate 90 (36,129 VPD)
• 28,407 people live within five miles of the property
• Average household income within a three-mile radius is $154,716
• Less than 1.5 miles north of two NEW Amazon Fulfilment Centers
• Neighboring tenants include Tractor Supply Company, USPS, Curtis Lumber Co., and Evergreen Country Club
Listing Contacts
Listed by The Boulder Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$412,161.00
$34,346.75/mo
Valuation Metrics
0
DSCR
12.78%
Cap Rate
12.78%
ROI
Map
Zoning
TC-1 SpecialTown Center Core
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View all 101 uses Last updated Mar 19, 2026 For deeper zoning details, reports are available at Zoneomics
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