Walgreens Net Leased Offering | 5 N Transit St
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Walgreens Net Leased Offering 5 N Transit St
13,905 SF Retail Building Lockport, NY 14094 $3,587,500 ($258/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Leased Offering
- Corporate Guarantee - NASDAQ WBA
- Long Operating History at this Location
- Minimal Landlord Obligations
- Tenant Exercised Renewal Option, Showing Commitment to the Location
- Hard Corner Location - 13,000+ VPD
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens in Lockport, New York. The property is subject to
a double net lease and has already exercised their first option with
seven, 5-year options left. This Walgreens benefits from its hard corner
location with excellent ingress and egress points with exposure to over
13,000 vehicles per day along S Transit Street. The site is less than 1
mile from Downtown Lockport and neighbors various businesses in the
area.
In Association with Scott Reid & ParaSell, Inc. |
P: 949.942.6578 | A Licensed New York Broker #10991231395
established Walgreens in Lockport, New York. The property is subject to
a double net lease and has already exercised their first option with
seven, 5-year options left. This Walgreens benefits from its hard corner
location with excellent ingress and egress points with exposure to over
13,000 vehicles per day along S Transit Street. The site is less than 1
mile from Downtown Lockport and neighbors various businesses in the
area.
In Association with Scott Reid & ParaSell, Inc. |
P: 949.942.6578 | A Licensed New York Broker #10991231395
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1998
Price
$3,587,500
Price Per SF
$258
Cap Rate
9%
NOI
$322,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.01 AC
Zoning
B2
Parking
30 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 290900-109-013-0004-084-002 | Improvements Assessment | $3,015,000 |
| Land Assessment | $425,000 | Total Assessment | $3,440,000 |
PROPERTY TAXES
Parcel Number
290900-109-013-0004-084-002
Land Assessment
$425,000
Improvements Assessment
$3,015,000
Total Assessment
$3,440,000
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Walgreens Net Leased Offering | 5 N Transit St
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