2 N Park St Cambridge, NY 12816
NNN Walgreens in Cambridge, NY with over 14 years remaining.
Property size:
11,984 SFLot size:
1.00 AcresProperty Features for 2 N Park St
General Information
- Size
- 11,984 SF
- Lot size
- 1.00 Acres
Source:
Moodyscre
Listing Agent: Matthew Mousavi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Walgreens NNN Investment Opportunity
This property offers the opportunity to acquire the fee simple interest in a Walgreens investment property located in Cambridge, New York. The property is subject to an absolute NNN lease. The tenant, Walgreen Co., has over 14 years remaining on their initial lease, with 12 (5-year) options to extend. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Walgreens operates nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, serving nearly 10 million customers each day. The property contains 11,984 square feet.
Location Intelligence
Current Use by Public Records
Subway
Sandwich Shop
Walgreens Pharmacy
Pharmacy
Walgreens
Drug Store
Walgreens Photo
Passport Photo Processor
FedEx OnSite
Mailing Service
Similar Places Nearby
Walgreens Pharmacy, Green Witch Vape Cambridge, Marybeth Brown, Jason Goodspeed, David Lester
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Washington
- State
- New York
- Longitude
- -73.375934
- Latitude
- 43.029477
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN Walgreens in Cambridge, NY with over 14 years remaining.
Where is this drug store located?
The property is located at 2 N Park St Cambridge, NY.
What is the asking price?
The asking price for this property is $2,924,000.
What are key features of this property?
This property features: - Absolute NNN lease provides a completely passive investment with zero landlord responsibilities.; - Over 14 years remaining on the initial lease term with Walgreens, ensuring long-term stable income.; - Benefit from 5% rental increases every 5 years, hedging against inflation and growing NOI.