Walgreens Net Leased Offering | 5 N Transit St
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!
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
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens Net Leased Offering | 5 N Transit St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.