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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

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.
More about this property
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