108 Route 44 - Drug Store FOR SALE


Millerton, NY 12546
$3,203,000 USD
760-448-2449
108 Route 44, Millerton, NY for Sale
$3,203,000 USD
Drug Store - FOR SALE
1/10
null | 7.5% Cap Rate

108 Route 44
Millerton, NY 12546


HIGHLIGHTS

  • Strong Corporate Lease Guarantee | CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) | Largest Pharmacy in the US (9,700 Stores)
  • High Performing CVS Location | Over $12,500,000 in Reported Gross Sales (2024) | Extremely Profitable 1.9% Rent to Sales Ratio
  • Established Long-Term Commitment to Site | 27 Year Successful Operating History
  • Attractive Modified NNN Lease | Minimal Landlord Responsibilities | 6% Rent Increases Every 5 Years | Renovated in 2005
  • No Pharmacy Competition Within Submarket | Consistent & Loyal Customer Demand
  • Located Near Border of Connecticut and Massachusetts | Millerton is 35 Miles from Poughkeepsie, NY, the Largest City in Dutchess County

OVERVIEW

CVS Pharmacy featuring a 10,349 SF building on a 1.09 AC parcel, located in Millerton, NY. CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB). This is a high performing CVS location operating at a 1.9% rent-to-sales ratio, extremely profitable. This CVS location serves as a crucial healthcare resource for the local community. As one of the primary pharmacies in the area, it provides essential medical services.

FOR SALE DETAILS

PRICE

$3,203,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

BD-3

APN/PARCEL ID

133889-7271-00-524328-0000

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.