12 Park Dr - Drug Store FOR SALE
Hornell, NY 14843 |
$5,190,000 USD
929-229-2614
12 Park Dr
Hornell, NY 14843
HIGHLIGHTS
- Recent Lease Extension | Corporate Signed | Rental Increases |Investment Grade Tenant (S&P: BBB)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Drive-Thru Equipped | Strong National/Credit Tenants | Hornell Railroad Centre
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
OVERVIEW
• Corporate Signed by Walgreen Eastern Co. (S&P: BBB)
• Recently extended their lease through March 2034, demonstrating their long-term commitment to the site
• Lease features rental increases in 2025 and 2030, generating NOI and providing a hedge against inflation
• Headquartered in Deerfield, IL, Walgreens operates more than 9,000 stores across all 50 states
FOR SALE DETAILS
PRICE
$5,190,000 USD
PRICE/SF
$376 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens | Corp Abs NNN w/ Incrs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
1.71 AC
LAND SF
74,488 SF
ZONING
B-2
APN/PARCEL ID
460600-166-006-0007-046-101
ASK ABOUT THIS PROPERTY
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929-229-2614
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929-229-2614
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