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CVS | TOP 15% NATIONWIDE | 16+ YEAR LEASE 100 Lake Blvd

10,402 SF Retail Building Mahopac, NY 10541 $3,180,000 ($306/SF) 6% Cap Rate

Investment Highlights

  • 16+ Year Corporate Backed Lease Featuring 5% Rental Increases at Each Option. 32 Year Historical Occupancy as a Drug Store.
  • Strong Tenant - CVS Health (NYSE: CVS) features a S&P Investment Grade Credit Rating of “BBB” and is Ranked #6 on the Fortune 500 List.
  • Strong Performing Location: has been Operating as a Drugstore for more than 30 Years, with CVS previously reporting Sales Consistently North of $15M.
  • Strong Commitment to the Location: CVS Exercised Multiple Options and Recently Extended the Term 18+ Years in 2021.
  • Located Adjacent to Lake Mahopac - this Prime Spot benefits from Stunning Waterfront Views and Steady Foot Traffic, attracting Locals and Visitors.
  • Top 15% in the Chain per Placer.ai.

Executive Summary

CVS Pharmacy | 16+ Year Lease | Top 15% in the Chain per Placer.ai | Signalized Hard Corner Location w/ three Points of Access | Along U.S. Route 6 | Affluent Area: $157k+ HHI - One of the most Affluent Communities in the State of New York | Adjacent to Lake Mahopac | Minutes from Putnam Hospital | Near Numerous Schools
New York Broker of Record: John Horowitz | 260 Madison Ave., 5th Floor New York, NY 10016 | P: 212-430-5261 | Lic.# 10311204479 | John.Horowitz@MarcusMillichap.com

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,402 SF
Building Class
C
Year Built/Renovated
1970/1992
Price
$3,180,000
Price Per SF
$306
Cap Rate
6%
NOI
$190,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C
Parking
50 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
337 FT on Route 6

Nearby Major Retailers

Powerhouse Gym
Trustco Bank
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
372000-076-030-0001-023-000-0000
Land Assessment
$525,000
Improvements Assessment
$863,000
Total Assessment
$1,388,000
  • Listing ID: 34174501

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 100 Lake Blvd, Mahopac, NY 10541

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