Listed by Altitude Commercial Real Estate
$4,000,000
Walgreens - Troy, NY
Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 14,673
Occupancy 100%
Brand/Tenant Walgreens
Lease Type NN
Year Built 2008
Acreage 1.910
Zoning B3
Retail | 14,673 SqFt
Marketing description
Rare opportunity to purchase this Walgreens on a NN lease structure with minimal Landlord responsibilities in Troy, NY. The property sits on a 1.91-acre plot settled against the Hudson River in an irreplaceable, infill location. This property services the immediate surrounding households of the suburb north of Albany. With 3.5 years of term remaining and four 5-year options to extend, this opportunity provides stable income and potential for yield increases upon renewal options being exercised.
Investment highlights
14,673 SF freestanding building on 1.91 acres
Built in 2008
100% occupied since construction
NN Lease Structure with minimal Landlord responsibilities
Four 5-year options with 5% rent escalations
Flood Insurance Required
Listing Contacts
Listed by Altitude Commercial Real Estate
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