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    2 N Park St Cambridge, NY 12816

    For Sale
    $2,924,000

    NNN Walgreens in Cambridge, NY with over 14 years remaining.

    Property size:
    11,984 SF
    Lot size:
    1.00 Acres

    Property Features for 2 N Park St

    General Information

    Size
    11,984 SF
    Lot size
    1.00 Acres

    Source: SRS Industrial - Newport Beach 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.
    Insight Report 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

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    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

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    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.
    (949) 698-1116
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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
    2 N Park St Cambridge, NY 12816
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