Walgreens | Triple Net (NNN) Lease

$4,255,000

173 Market Street, Potsdam, NY 13676

For Sale

Retail Free Standing

Active

Last Updated: 09/03/2021

Details:

Cap Rate: 7%

NOI: $298,000

Building Size: 14,550 sqft

Lot Area: 2 acres

Lease Type: Triple Net

Year Built: 2006

Price Per Sqft: $292.44

Offered by

Nate Cleland

Net Lease Advisor

Sands Investment Group

#PA Lic. # RS304039

Request Info to Unlock

Tom Gorman

Managing Director

Sands Investment Group

Highlights:

Investment Grade Tenant (S&P: BBB) with a corporate guarantee (Walgreen Co.)
Nearly 11 years remaining on a Triple Net (NNN) Lease.
Walgreen co. is a subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) and it reported total revenues in excess of $136 billion in the 2019 fiscal year.
Limited competition in the trade area; Walmart and Kinney Drugs are the only national/regional drug store operators in the area.
Signalized access with excellent visibility on market street which sees over 16,800 VPD
Located right by the Canton-Potsdam Hospital (94 beds) and the Helen Snell Medical Campus.
This Walgreens is the only one in Potsdam; The next closest Walgreens is about 12-miles away in Canton, NY.
Situated near academic/population anchors such as SUNY Potsdam and Clarkson University.
Nearby Tenants Include: Lowe’s, Arby’s, Burger King, Price Chopper, Harbor Freight, UPS Store, McDonald’s, Big Lots, Taco Bell and More.

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 14,550 SF Walgreens (NASDAQ: WBA) Located at 173 Market Street in Potsdam, New York. This Investment Provides an Investor the Opportunity to Purchase an Investment Grade (S&P: BBB) Essential Business, With a Corporate Guarantee and Nearly 11 Years Remaining on a Triple Net (NNN) Lease.

In Cooperation With SIG RE Services NY LLC
Lic. # 10991233211 BoR: Andrew Ackerman - Lic. # 10491210161