CVS | TOP 15% NATIONWIDE | 16+ YEAR LEASE | 100 Lake Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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
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
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
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 372000-076-030-0001-023-000-0000 | Improvements Assessment | $863,000 |
Land Assessment | $525,000 | Total Assessment | $1,388,000 |
PROPERTY TAXES
Parcel Number
372000-076-030-0001-023-000-0000
Land Assessment
$525,000
Improvements Assessment
$863,000
Total Assessment
$1,388,000
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
CVS | TOP 15% NATIONWIDE | 16+ YEAR LEASE | 100 Lake Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.