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    241 Mohawk Ave Scotia, NY 12302

    For Sale
    $8,248,076

    CVS Pharmacy with long-term absolute NNN lease.

    Property size:
    11,945 SF
    Lot size:
    1.20 Acres

    Property Features for 241 Mohawk Ave

    General Information

    Size
    11,945 SF
    Lot size
    1.20 Acres

    Source: The Kase Group - Corporate Agent Kase Abusharkh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Lease CVS Pharmacy

    This property features a CVS/pharmacy operating under a 25-year absolute NNN lease, with over 18 years remaining. Constructed in 2018, the building represents a high-quality, new build, replacing an older store that had sales of nearly $11 million. The lease has no kick-outs or rent holidays and includes scheduled rent increases. The lease is backed by CVS Health corporate, which is NYSE listed (CVS) and S&P rated BBB, indicating investment-grade credit. The property, which includes a drive-thru pharmacy, is situated on a major commercial thoroughfare at a signalized intersection. The property size is 11,945 square feet and represents 100% fee simple interest.
    Location Intelligence

    Current Use by Public Records

    CVS Photo Print Shop CVS Cosmetics Store CVS Pharmacy Pharmacy Benosky Teresa A Pharmacy UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Benosky Teresa A, Brian Pearsall, PharmD, Joyce Goodrich, Brian Pearsall, Silky Body Sculpting

    Location Insight

    • Map
    • Local Demand
    City
    Scotia
    County
    Schenectady
    State
    New York
    Longitude
    -73.9671108
    Latitude
    42.8271434

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    FAQs

    What type of property is this?
    Drug store - CVS Pharmacy with long-term absolute NNN lease.
    Where is this drug store located?
    The property is located at 241 Mohawk Ave Scotia, 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: - 25-year absolute NNN lease with 18+ years remaining, providing a long-term, stable investment.; - CVS Health corporate lease (NYSE: CVS) with S&P BBB investment-grade credit rating, ensuring financial security.; - Zero landlord obligations, offering a completely passive income stream.
    (925) 348-1844
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    241 Mohawk Ave Scotia, NY 12302
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    Scotia, NY 12302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 Mohawk Ave Scotia, NY 12302
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