HMX Realty advisors exclusively presents for sale a re-priced Walgreens in the Syracuse, New York MSA. Reported sales at this location have increased by over 14% between 2021 and 2023 and are very strong. The estimated rent to sales ratio is extremely low at 3%. There are 7.7 years remaining on an absolute triple net lease. The property is near Lowe’s, a Walmart Supercenter and Genesee High School. Costco is 6 minutes and 1.4 miles directly north. The Walmart Supercenter and Lowe’s are .2 miles to the west, making this a “Main and Main” intersection. Other tenants in the immediate area are McDonald’s, Dunkin’ Donuts, Moe’s Southwest Grill, Denny’s, Wendy’s and Key Bank. The store is open from 9am to 5pm and offers Covid Testing, Photo, Redbox, and a drive thru. This is part of a three property re-priced Walgreens portfolio, and the portfolio flyer is linked. The properties are located in Rochester, Syracuse and Cortland NY. Walgreens has a 75-year base lease term with no options or rent escalations. Tenant has the right to terminate the lease at year 25 and every 5-years thereafter. The flat rent creates significant leasehold value for Walgreens and brings a high level of stability to this investment. Walgreens has a BBB- S&P credit rating which is investment grade. The Walgreens is on W. Genesee Street which is a major east-west corridor and is near New York State Route 5 (NY 5) which extends for 370 miles across the state of New York. In 1-mile the average household income is $92,000 and $103,000 in 5-miles. The property is in Onondaga County with a population of 476,516. The County has a high education level, with 91.3% of persons age 25 years+ being high school graduates or higher, and 36.5% having a bachelor’s degree or higher. The county’s economic and demographic stability have contributed to its ‘AA+’ rating, S&P’s second highest rating. Institutions like Upstate Medical University and Syracuse University are among the area’s largest employers. Syracuse University is the largest private employer in the region. 85% of its more than 6,000 employees live in the area. Consequently, much of the University’s annual payroll expense of $513 million stays in the region. The University’s general operations, combined with research, student, alumni, and visitor spending, generate $1.1 billion in added income to the region. This is equivalent to supporting 15,481 jobs in the Syracuse Metropolitan Area. University connected start-up and spin-off companies associated with Syracuse University generate a combined $2.4 billion in additional income to the region, the equivalent of supporting an additional 14,837 jobs.