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Walgreens | 4061 State Route 104
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Walgreens 4061 State Route 104
14,690 SF Retail Building Williamson, NY 14589 $4,675,000 ($318/SF) 7.59% Cap Rate
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INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Corporately Guaranteed Lease | Walgreens is the 18th Ranked Company in the Fortune 500
- Close Proximity to Interstate Highway | Located on NY-104
- Signalized Corner Location | State Route 104 & Cole Street West Intersection Sees Over 15,000 Vehicles Per Day
- Prominent Pharmacy Operator | Walgreens Has Around 9,000 Locations
- National Retailers Located Nearby | Burger King, McDonald's, Speedway, Chase Bank, and Many More
EXECUTIVE SUMMARY
SAB Capital is pleased to present Walgreens in Williamson, NY, located 21 miles east of Rochester. The tenant, Walgreens, is subject to an absolute triple net (NNN) lease with zero landlord responsibilities. This property is located along NY-104 which see 15,489 vehicles per day.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,690 SF
Building Class
B
Year Built/Renovated
2003/2012
Price
$4,675,000
Price Per SF
$318
Cap Rate
7.59%
NOI
$355,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.36 AC
Zoning
C1
Parking
99 Spaces (6.74 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
Parcel Number | 544600 65117-08-910873 | Improvements Assessment | $4,650,000 |
Land Assessment | $200,000 | Total Assessment | $4,850,000 |
PROPERTY TAXES
Parcel Number
544600 65117-08-910873
Land Assessment
$200,000
Improvements Assessment
$4,650,000
Total Assessment
$4,850,000
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Walgreens | 4061 State Route 104
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