NNN Leased CVS Pharmacy
For Sale
$8,248,076
241 Mohawk Avenue, Schenectady, NY 12302
A rare CVS/pharmacy absolute NNN leased offering in Scotia, New York
Property Size11,945 SF
Lot Size1.20 Acres
Price / SF$690.50
Days on Market619
Property Features for 241 Mohawk Avenue
General Information
Standard status
Active
Property type
Other retail properties, Individual retail properties, Retail properties & Spaces
Size
11,945 SF
Elevators
N/A
Lot size
1.20 Acres
Building Details
Buildings
1
Stories
1
Units
1
Listed By:
Kase Abusharkh
(925) 348-1844
Added: Jan 24, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This property features a CVS Pharmacy in Scotia, NY, a village adjacent to Schenectady and part of the Albany MSA. The 11,945 square foot building, constructed in 2018, is located on a 1.2-acre lot. It is situated on a major commercial thoroughfare at a signalized intersection, offering excellent access and visibility from Mohawk and Glen Avenues. The facility includes a drive-thru and ample parking. The property features a 25-year absolute NNN lease with zero landlord obligations, with 18+ years remaining on the initial lease term. The lease includes scheduled rent increases at 10, 20, and every 5 years thereafter, followed by four 5-year and one 3-year renewal options. The lease is guaranteed by CVS Health. This is a 100% fee simple interest offering.
Key Highlights
- CVS/PHARMACY 25 YEAR ABSOLUTE NNN LEASE WITH 18+ YEARS REMAINING
- ZERO LANDLORD OBLIGATIONS
- 100% FEE SIMPLE INTEREST
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Other retail property - A rare CVS/pharmacy absolute NNN leased offering in Scotia, New York
Where is this other retail property located?
The property is located at 241 Mohawk Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $8,248,076.
What are key features of this property?
This property features: CVS/PHARMACY 25 YEAR ABSOLUTE NNN LEASE WITH 18+ YEARS REMAINING; ZERO LANDLORD OBLIGATIONS; 100% FEE SIMPLE INTEREST
