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    5206 W Genesee St Camillus, NY 13031

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    For Sale
    $4,517,000

    Retail property with long-term Walgreens lease in Camillus, NY.

    Property size:
    14,405 SF
    Lot size:
    1.31 Acres

    Property Features for 5206 W Genesee St

    General Information

    Size
    14,405 SF
    Lot size
    1.31 Acres

    Source: SRS Real Estate Partners | New York Agent Britt Raymond

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

    Overview

    Walgreens Retail Property for Sale

    This retail property is occupied by Walgreens, which has over 6 years remaining on its original 25-year lease. The lease includes 10 options to extend for 5 years each, indicating the tenant's long-term commitment to the location. The property size is 14,405 square feet. The lease agreement specifies no rental increases during the initial term or at the start of each option period. The tenant has a termination option every 5 years, starting on October 31, 2031, and every 5 years thereafter. The property is located at 5206 W Genesee St, Camillus, NY.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Drug Store Walgreens Photo Passport Photo Processor COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk FedEx OnSite 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

    Walmart Pharmacy, Lisa Adornato, Charles Lapp, Michael Perrone, Angela Pagorek

    Location Insight

    • Map
    • Local Demand
    City
    Camillus
    County
    Onondaga
    State
    New York
    Longitude
    -76.2660367
    Latitude
    43.0417062

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    FAQs

    What type of property is this?
    Drug store - Retail property with long-term Walgreens lease in Camillus, NY.
    Where is this drug store located?
    The property is located at 5206 W Genesee St Camillus, NY.
    What is the asking price?
    The asking price for this property is $4,517,000.
    What are key features of this property?
    This property features: - Long-term tenant: Walgreens has 6+ years remaining on the original 25-year lease.; - Renewal options: Tenant has 10 (5-year) options to extend the lease.; - Tenant commitment: Walgreens' lease term and renewal options demonstrate commitment to the location.
    (704) 517-4712
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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
    5206 W Genesee St Camillus, NY 13031
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