New Hyde Park, NY - Walgreens
109 Hillside Avenue, New Hyde Park, NY
$3,600,000
Price
7.5%
Cap Rate
$270,000
NOI
Overview
Description
• There are 7 years remaining on the base term of the Walgreens leasehold and 52+ years remaining on the total lease right
• The lease is corporate signed by Walgreens, an investment grade (S&P: BBB), nationally recognized and established tenant with over 9,000 locations and 200,000 employees
• The asset is located off the signalized, hard corner intersection of Hillside Avenue and Langdale Street
• Positioned 1.5 miles off Cross Island Parkway (186,500 VPD), providing direct on/off ramp access for travelers
• The strong residential corridor will provide a consumer base from which to draw
• The immediate trade area is supported by surrounding retailers such as Stop & Shop, Five Below, Pet Smart, T.J. Maxx, and more
• The asset has excellent visibility and multiple points of ingress/egress
Listing ID: a288X000002lzIdQAI