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23904864
23904865

6189 NY-31, Cicero, NY 13039

JG
CA CA 01323433
Drugstore Property Advisors
Listed by Drugstore Property Advisors
$3,767,000
359 days on market
Updated 180 days ago

9% CAP on True NNN Walgreens in New York

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,748
Cap Rate 9.00%
NOI $339,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 08/31/2032
Remaining Term 6.2
Lease Options 50 x 1 year
Price per SqFt $255
Broker Co-Op Yes
Year Built 2007
Lot Size (SqFt) 56,192
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Proven location with $2.75M in reported sales

Marketing description

Proven location with $2.75M in reported sales. Well located at the busy hard corner State Route 31 and Thompson Road in Cicero, NY, Walgreens Store #10750 stands as a beacon of convenience and comprehensive service. This modern 14,748-square-foot retail space, established in 2007, offers an extensive range of health and wellness products, beauty essentials, and everyday necessities, all under one roof. The in-store pharmacy provides a full suite of services, including immunizations, durable medical equipment, and a convenient drive-thru window for effortless prescription pickups. Open daily from 8 AM to 10 PM, with pharmacy hours extending until 8 PM on weekdays, this location ensures that customers have access to essential services when they need them most. Additionally, the store features a comprehensive photo center, offering everything from passport photos to personalized gifts, catering to both personal and professional needs.

Investment highlights

  • Proven location with $2.75M in reported sales.

  • Affluent area ($123,775 in Average Household Incomes)

  • Hard corner location with 42,837 vehicles per day

  • True NNN lease with ZERO landlord responsibilities

  • Just 6 miles from Syracuse International Airport and 12 miles from Syracuse University

Listing Contacts

JG
CA CA 01323433
Drugstore Property Advisors
Listed by Drugstore Property Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$339,000.00
$28,250.00/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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