Walgreens | Amsterdam, NY
Walgreens ft. LabCorp | Long Operating History | Strong Retail & Healthcare Corridor
Marketing description
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Walgreens located in Amsterdam, New York. This prime investment opportunity is secured by an absolute triple-net (NNN) lease with over eight years of remaining primary term and eight additional five-year renewal options, offering long-term income stability with no landlord responsibilities for taxes, insurance, or maintenance.
The property is prominently positioned at a hard corner along NY State Highway 30, a primary retail corridor with daily traffic counts exceeding 15,000 vehicles. It benefits from excellent visibility, signage, and access, and is surrounded by a strong lineup of national retailers including Walmart, Target, Kohl’s, Marshalls, Lowe’s, and Planet Fitness, as well as leading quick-service restaurant brands.
In addition, the location features a LabCorp at Walgreens patient service center, offering convenient diagnostic and specimen collection services. This added healthcare amenity further enhances the property’s foot traffic, positions it as a community healthcare hub, and supports Walgreens’ broader strategy to serve as an integrated health and wellness destination.
According to Placer.ai data, this is the #1 Walgreens location within a 10-mile radius and ranks #4 out of 37 locations within a 50-mile radius, underscoring the site’s high customer traffic and strong market positioning. Walgreens has successfully operated at this location for over 17 years, reflecting the strength and consistency of the real estate.
The lease structure, combined with tenant performance and the property’s proven retail and healthcare fundamentals, offers investors a secure, predictable income stream in a location with lasting appeal.
Investment highlights
Prime Location | Situated along a primary retail corridor anchored by major retailers such as Walmart, Target, Kohl’s, Marshalls, Lowe’s, and Planet Fitness, as well as leading QSR concepts.
Ancillary Integral Operations | Premier corner location with outstanding visibility directly across from St. Mary's Hospital and Memorial Health Center, including a 160-bed nursing home—driving consistent traffic and reinforcing the property’s position within a vital corridor.
LabCorp at Walgreens | The property benefits from an on-site LabCorp patient service center, offering diagnostic and specimen collection services. This healthcare integration enhances daily foot traffic, expands the store’s service offerings, and strengthens its position as a comprehensive, community-focused wellness destination.
Absolute NNN Lease | The lease is absolute triple-net (NNN), meaning the tenant assumes all expenses including taxes, insurance, and maintenance, leaving no landlord responsibility.
Strong Traffic and Market Position | According to Placer.ai, this is the #1 Walgreens location within 10 miles and #4 (4/37) within 50 miles, showing strong customer traffic and competitive positioning in the market.
Long-Term, Stable Tenant | Walgreens is a widely recognized, established tenant, providing stability and predictability in rental income.
Proven Location | Walgreens has operated in this location for over 17 years, demonstrating the strength of the site and its continued success over time.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
