100 Lake Blvd - Drug Store FOR SALE
Mahopac, NY 10541 |
$3,180,000 USD
858-373-3184
100 Lake Blvd
Mahopac, NY 10541
HIGHLIGHTS
- 16+ Year Corporate Backed Lease Featuring 5% Rental Increases at Each Option. 32 Year Historical Occupancy as a Drug Store.
- Strong Commitment to the Location: CVS Exercised Multiple Options and Recently Extended the Term 18+ Years in 2021.
- 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.
- Located Adjacent to Lake Mahopac - this Prime Spot benefits from Stunning Waterfront Views and Steady Foot Traffic, attracting Locals and Visitors.
- Strong Performing Location: has been Operating as a Drugstore for more than 30 Years, with CVS previously reporting Sales Consistently North of $15M.
- Top 15% in the Chain per Placer.ai.
OVERVIEW
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
FOR SALE DETAILS
PRICE
$3,180,000 USD
PRICE/SF
$306 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS | TOP 15% NATIONWIDE | 16+ YEAR LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
C
APN/PARCEL ID
372000-076-030-0001-023-000-0000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
