827 Dutchess Tpke - Drug Store FOR SALE


Poughkeepsie, NY 12603
$7,500,000 USD
929-229-2614
827 Dutchess Tpke, Poughkeepsie, NY for Sale
$7,500,000 USD
Drug Store - FOR SALE
1/9
null | 7% Cap Rate

827 Dutchess Tpke
Poughkeepsie, NY 12603


HIGHLIGHTS

  • 11+ Years Remaining | Options To Extend | Absolute NNN | Corporate Signed Lease | Well-Known & Established Brand
  • Signalized, Hard Corner Intersection | Centralized Location |Dense Trade Area | Strong Performing Store | Drive-Thru Equipped
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Walgreens investment property located in Poughkeepsie, NY. The tenant, Walgreen Eastern Co., Inc., has over 11 years of firm term remaining with options that can extend the term through 2086. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1901, Walgreens is among the largest pharmacy retailers in the United States with over 8,000 operating locations.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

B-H

APN/PARCEL ID

134689-6262-04-589067-0000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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